The Pound Sterling was sharply lower during London trading on Monday after the Prime Minister set out what some are calling tough terms for the upcoming talks between the UK and EU. That has rekindled concerns that Britain could conclude the transition period without a workable trade agreement. Boris Johnson […]
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ECB: Inflation Will Move Closer to the Bank’s Target – 03 February 2020
The European Central Bank’s chief economist Philip Lane stated that rising labor costs will eventually affect the Eurozone inflation levels moving it closer to the bank’s 2 percent target. “The fraction of the price level which is most likely to be influenced by wage pressures is moving closer toward the […]
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Oil Prices Slide as Coronavirus Outbreak Harms Chinese Demand – 03 February 2020
Oil markets reacted negatively to the news coming out of China regarding the spread and the consequences of the Coronavirus outbreak. According to recent data, Chinese economic activity is currently being affected by the epidemic. Factor activity kept steady in January while export orders fell. Besides what we’ve already mentioned […]