Sterling hits 23-month low overnight
Sterling hits 23-month low overnight The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather […]
US officially designates China a ‘currency manipulator’ as trade war rages
US officially designates China a ‘currency manipulator’ as trade war rages The United States has formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiralling trade war in just 24 hours. Washington’s sudden move came the day China allowed the yuan to fall below seven to the dollar […]
Irish bond yield spreads amid no-deal Brexit worries
Irish bond yield spreads amid no-deal Brexit worries Irish Government bond yield spreads over Germany have hit their widest in nearly two months, as chances rise of a no-deal Brexit that would cause particular damage to Ireland. Sterling has dropped to 28-month lows against the dollar and euro on growing worries that Britain will leave […]
Eurozone growth halves in second quarter of 2019
Eurozone growth halves in second quarter of 2019 Eurozone economic growth halved in the April-June period and inflation slowed sharply in July even though the unemployment rate fell to its lowest in 11 years, data from the European Union’s statistics office has shown. Eurostat’s preliminary flash estimate of gross domestic product growth in the 19 […]
110,000 fewer jobs after no-deal Brexit – Central Bank
110,000 fewer jobs after no-deal Brexit – Central Bank The Central Bank has warned of major job losses across the economy in the event of a no-deal Brexit. In its latest Quarterly Bulletin, the Central Bank forecasts 34,000 fewer jobs by the end of next year and 110,000 fewer jobs over the next ten years. […]