Some of the ideas that the prime minister has mentioned in the House do seem sensible. I think you would need a time limit. I think I would want to look very carefully at what was being proposed and it would have to give the United Kingdom a UK-sized exit from the backstop.
Actual: -0.7% Forecast: 0.2% Previous: -0.1%
Actual: 1.3% Forecast: 1.4% Previous: 1.6%
A new round of trade talks began in Beijing on Monday, with higher-level talks involving U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday and Friday. If the negotiations do not progress sufficiently by March 1, the U.S. has said it intends to...
USDCHF showed high volatility after Japanese holiday illiquidity triggered stop-loss selling One month after various Yen, Lira and Pound cross flash-crashed in the aftermath of Apple's shocking guidance cut, moments ago the Swiss franc was the latest currency to flash crash when th...
The Euro was under pressure last week by weak economic data and growing evidence of a slowdown in the Eurozone. The European Commission lowered its growth forecast for the Eurozone last Thursday, after notable reductions in estimates for all three of the largest economies in the region - Germany,...
Actual: 5.8% Forecast: 5.7% Previous: 5.6%
Actual: 19.4B Forecast: 18.1B Previous: 19.0B
1. German Trade Balance In Germany, Trade Balance for December is expected to ease to 18.1B from 19.0B. 2. Focus on Canada Unemployment Rate The Canada Unemployment Rate is expected to rise to...
BRITISH PM MAY SAYS CLEAR THAT I WILL DELIVER BREXIT ON TIME
Actual: 234K Forecast: 221K Previous: 253K
The economy as a whole not yet prepared for no deal Brexit. The fog of Brexit is creating tension in financial markets, causing short-term volatility in economic data. Increasing evidence that businesses building up stockpiles as Brexit contingency planning. It would...
BOE CUTS GROWTH FORECAST, SAYS BREXIT DAMAGE HAS INCREASED At its meeting ending on 6 February 2019, the MPC voted unanimously to maintain Bank Rate at 0.75%. The world economy has continued to slow over recent months, with a broad-based softening across all regions.
Actual: 0.75% Forecast: 0.75% Prevous: 0.75%
The market expects the BoE keeps unchanged their benchmark interest rates at 0.75%. Also, the BoE's new inflation forecasts will be closely watched by traders. If the BoE projects a more aggressive interest rate hike outlook, it can drive the Sterling higher.
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