1Confirmation
Sterling Recovers Finally – 31 July 2019
After four consecutive days of heavy losses, the Pound finally seems to have steadied against its US rival, the greenback.
After four consecutive days of heavy losses, the Pound finally seems to have steadied against its US rival, the greenback.
The trade talks between the United States representatives and their Chinese counterparts finished, without signaling any significative progress.
Asian benchmarks were broadly lower on Wednesday morning, pressured by concerns about a hard Brexit and concerns that the trade war between the United States and China will lag on for the foreseeable future.
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The latest data from the European Union reinforces the outlook provided by the head of the European central bank last week.
Japan’s Central Bank decided to keep its cash rates at the same level, implying that they would employ stimulus measures “without hesitation” if the global economic slowdown affects the Japanese economy.
New UK Prime Minister Boris Johnson has his work cut out for him – in addition to working on getting the UK out of the European Union, he also has to worry about the continually falling pound
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