Euro up against the dollar
Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …
Is the UK economy stuck?
Is the UK economy stuck? If the data released from The British Chambers of Commerce is correct then, yes! The gloomy picture painted suggests the UK economy growth in 2018 will be the weakest since the 2088/2009 recession. The British Chambers of Commerce say the UK economy as a whole …
Pound vs Euro
Pound vs Euro. This week (Tuesday) we saw the pound fall to an eleven month low. Could the pound hit parity against the Euro? BREXIT indecision, slow growth, sluggish GDP, low interest rates and party political naval gazing are adding to UK woes! Will £1.00 = 1.00 euro ?? If …
Central bankers head to Jackson Hole
Central bankers head to Jackson Hole. Federal Reserve chair, Janet Yellen and European Central Bank President, Mario Draghi et al, will be meeting this Friday to make their eagerly anticipated speeches at Jackson Hole. Debate about QE roll back, interest rates and inflation will presumably take centre stage. The US …
BREXIT Millions
BREXIT Millions I don’t know if you recall during the UK 2016 EU referendum – the leave campaign travelled the UK in a red bus with the slogan plastered down the side stating, ‘We send the EU £350 million a week – Let’s fund the NHS instead – Vote Leave’. …
EU and Japan Trade Agreement
EU and Japan Trade Agreement The European Union and Japan agree a free trade deal. Presumably this agreement will strengthen the EU leadership and leave the UK on the outside of the benefits. European council president Donald Tusk and European commission president Jean-Claude Junker must be delighted. All leaders hail …
UK productivity falls
UK productivity falls The productivity of UK workers has fallen back to pre-financial crisis levels of 2007 a report by the Office for National Statistics (ONS) shows. Productivity has still not recovered to levels before the financial crisis. Stagnation Austerity measures, public sector pay, government spending all become much more …