Tuesday, February 25, 2020
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phillip hammond budget November 2017 | Econ Alerts

Pound falls after Hammond downgrades economic outlook

Euro rebounds as eurozone consumer confidence surprises to the upside   The British Budget for 2018 was the main focus during yesterday's European trading session, while a strip of economic releases out of the US also attracted some attention. The pound posted short-lived losses after British official budget forecasters downgraded the country’s economic outlook, while

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robert mueller subpoenaed | Econ Alerts

Dollar struggles as Mueller subpoenas Trump’s campaign

safe havens jump on risk aversion   The dollar opened weaker on Friday in Asia on news that several officials from Trump’s campaign were subpoenaed for Russia-linked documents despite markets relief on the US tax story after lawmakers approved the tax plan in the House of Representatives. Consequently, investors turned risk-averse during the session,

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UK retail sales | Econ Alerts

October’s UK retail sales could feed pound bears

Christmas will be more expensive for UK shoppers   Inflation readings on Tuesday suggested that British pockets will remain squeezed ahead of the Christmas shopping season, as consumer prices continued growing steadily by 3.0% in October, potentially flagging another disappointing month for retailers. With Brexit negotiations trapped in a deadlock and British real wage growth showing no

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