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GBP Sinks as May Prepares to Trigger Article 50

GBP Sinks as May Prepares to Trigger Article 50

More than nine months after the UK voted to leave the EU and end its 44 year membership of the block, PM Theresa May will finally today deliver a letter officially triggering article 50 and beginning at least two years of tough negotiations. Speculation likely to continue as meaningful talks could take months to begin […]

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What Dollar Demise

What dollar demise? The USD regained some semblance of composure overnight as rises in equities, oil prices, and yields provided the scrim for a bustling overnight session where the Greenback showed it’s fortitude while consumers found their confidence. While the Dollar is not out of the weeds by any stretch,  US economic data was convincing. […]

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Pound Lower As UK and EU Divorce Begins

UK PM Will Deliver Letter Triggering Brexit The Prime Minister of the United Kingdom, Theresa May, will invoke article 50 of the Lisbon treaty on Wednesday, March 29 at 7:00 am EDT (11:00 GMT) by telling the British parliament that she has submitted the signed letter to the European Union. This symbolic exchange will trigger […]

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BoC Poloz Says Free Trade, FI and Immigration Play Critical Roles

In a speech to university students on Tuesday, Bank of Canada governor Stephen Poloz argued that free trade, foreign investment and immigration all played critical roles in building Canada’s economy throughout history. “When trade barriers are falling, when people are coming to our shores and when investment is rising, Canadians prosper. We saw this before Confederation, in […]

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Scottish Lawmakers Back Call for Independence Vote

Scottish lawmakers voted 69-59 in favor of an independence referendum Tuesday, setting Edinburgh on a collision course with the UK government. The vote by members of the Scottish Parliament gives the green light to First Minister Nicola Sturgeon to ask the UK Parliament for a referendum between autumn 2018 and spring 2019. British Prime Minister […]

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White House Said to be Working on Two Executive Orders

The White House is preparing two executive orders that would put President Donald Trump’s aggressive trade agenda into motion, according to a senior administration official, with one expected to be announced by the end of the week. One of the orders calls for a sweeping review of America’s existing trade deals, including the North American […]

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Nafta Architects Warn About Ending Trade Between Partners

An atomic bomb. Disastrous. A nightmare scenario. Tragic. Absolutely destructive. These were the dire words used by three of the original negotiators of NAFTA to describe what would happen if the deal was thrown out and protectionist trade policies ruled. NAFTA is the trade deal between U.S., Canada and Mexico that’s under siege from President […]

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