TAG GBP

Dollar Mixed as EU Trade Spat Escalates

The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short lived after the Trump administration…

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BMW Warns on Negative Effects of Brexit

The car giant BMW has followed plane maker Airbus in warning of the adverse consequences of Brexit. BMW UK boss Ian Robertson told the BBC it needed clarity by the end of the summer. It makes the Mini and Rolls Royce in the UK. Earlier, Airbus warned it could leave the UK if it exits…

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CANADA: Retail trade, April 2018

Following three consecutive monthly increases, retail sales in April declined 1.2% to $49.5 billion. The decrease was primarily due to lower sales at motor vehicle and parts dealers. Inclement weather in many parts of Canada may have contributed to the overall decline in April. Excluding sales at motor vehicle and parts dealers, retail sales were…

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CANADA: Consumer Price Index, May 2018

The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in May, matching the increase in April. Component highlights All eight major components increased on a year-over-year basis in May, although five of the eight major components grew at a slower rate. The transportation index rose 5.6% in May, following a 4.7% increase in…

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GBP rallies on hawkish BoE

Risk aversion remains on trade fears We’re continuing to see risk aversion in the markets on Thursday, as the trade spats between the US and others ramp up. The week started with the US and China announcing tariffs against one another which will come into effect on 6 July, and it will end with the…

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Oil falls -2% as OPEC nears deal to raise production

Thursday June 21: Five things the markets are talking about Currently, there are many moving parts that are keeping capital market players on their toes. President Trump and Chancellor Merkel continue to deal with immigration policy worries, while trade and tariffs tops most central bankers and other leaders’ agendas. Overnight, the U.S dollar remains better…

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Will the BoE lay the groundwork for August hike?

Was recent data enough to ease concerns about first quarter downturn? The Bank of England meeting on Thursday should be another interesting affair following a week in which two other major central banks – the Federal Reserve and ECB – have announced new tightening measures. No rate hike expected this month Markets still not convinced…

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