Words not deeds cause volatility

2 mins read A fortnight ago Trump announced another new 10% import tax on €300bn of Chinese goods from 1 September and investors reacted by flocking in droves to the safe-haven Japanese yen and running away from Australian dollar. Yesterday he postponed the tariff...

Inflated Brexit

BoE and Brexit GBPEUR has been range-bound this week €1.12 to €1.13 following Thurday’s sudden drop into the 1.10s. This morning UK inflation data briefly boosted the £. The reading of 3% was expected, reaching the highest level in 5 ½ years and is at the upper bound...

BoC softens tone GBPCAD higher

Last night the governor of the Bank of Canada (BoC) said thee central bank will proceed “cautiously” with additional interest rate rises. The economic situation is less certain and inflation “surprisingly soft”. Many had expected an additional rate rise in 2017 but...

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