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ECB proves interest rates and ends the quantitative easing program

01:53 pm 2018-12-13

 The European Central Bank (ECB) left interest rates unchanged on Thursday and confirmed that it would end its asset purchases under the massive € 2.6 trillion asset purchase program in December, even as the economy of the 19-nation eurozone emerged. Continuous deceleration. "Accordingly, the Board intends to continue to fully reinvest in the principal payments due from the securities purchased for a long period of time after the date on which it begins to raise the ECB's key interest rates, and in any case for a long period. The…More

pound rose after the failure of a vote of no confidence from Theresa May

09:44 am 2018-12-13

 Sterling traded slightly in the green zone against the dollar on Thursday as UK Foreign Secretary Stephen Barclay expressed his optimism about the new round of negotiations. He told the BBC that talks on the support-based solution were moving "in the right direction" and that the possibility of another referendum could be postponed. The British exit minister claimed both sides had concerns about the issue and confirmed any change in the deal would still include support. Barclay: The May agreement is only offered confidence in…More

Asian markets rise after no confidence vote in May

07:22 am 2018-12-13

 Asian markets rose on Thursday after British Prime Minister Teresa May survived a vote of no confidence and after reports of a recent easing of trade tensions between the United States and China as Beijing prepared a new policy that would allow more access to foreign firms. Another Canadian missing in China, may have been arrested After the arrest of a former Canadian diplomat in China, another Canadian citizen is missing in the country, said Foreign Affairs Minister Christia Freeland. "We are aware that Kennedy was…More

British Prime Minister has voted in favor of a vote of no-confidence

09:17 am 2018-12-12

  British Prime Minister Theresa May will face a vote of no-confidence among conservative lawmakers on Wednesday evening after 48 speeches calling for her to step down, with increasing reactions to her administration as she tries to salvage the BRICC. If May fails to secure 158 votes, the majority of Conservative deputies, it will have to step down and the search for a new party leader will begin. Teresa Mae is confident that her vote of no confidence will go beyond her British Prime…More

Dollar at its highest level in a month

08:31 am 2018-12-12

The dollar steadied near a one-month high against its counterparts on Wednesday, buoyed by a rebound in US government bond yields as optimism over the possibility that the United States and China would abandon trade policy differences on Wednesday Before the opening bell in the stock markets in Europe. Traders were following developments in the British exit agreement from the European Union, as members of parliament appeared to have submitted the required number of letters to challenge the position of Prime Minister Teresa Mae. And…More

The dollar is down in morning trading and the GBP is stabilizing after the rally

10:52 am 2018-12-11

The US dollar fell against a basket of currencies on Tuesday, while the pound found some support after a sharp sell-off in the previous session following a surprise decision by British Prime Minister Teresa May to postpone the main vote on Brexit. In Europe, European Commission students now want Italy to cut its target budget deficit for 2019 to 1.95 percent, while Prime Minister Giuseppe Conte's government remains divided on the issue, La Repubblica reported on Tuesday. Meanwhile, Economy and Finance Minister Giovanni Treya is…More

The pound rose can also get assurances from the EU

09:30 am 2018-12-11

 Sterling rose modestly on Tuesday as British Prime Minister Theresa May began a quick tour of Europe in a bid to get concessions on the Brexit deal that would enable her to win the necessary number of lawmakers at home. Traders were waiting for further developments after European Commission President Jean-Claude Juncker and Irish Foreign Minister Simon Covni pointed out that there was room for guarantees to resolve the subsidies. Northern Ireland was the main point of contention, and the Democratic Unionist Party, which supports the minority government in…More

The Pound is back after news that May delay the vote in the Parliament

01:20 pm 2018-12-10

  The pound fell against other major currencies on Monday as investors worried about Britain's exit from the European Union after the European Court of Justice ruled that the United Kingdom could rescind its decision to leave the EU unilaterally. Theresa May may delay the vote of the parliament British Prime Minister Theresa May has decided to postpone a parliamentary vote on Britain's planned exit from the European Union on Tuesday, according to several British media sources citing government sources. The reports were…More

The dollar fell during early trading and continued tensions over Huawei

07:31 am 2018-12-10

 The US dollar fell in trading on Monday in Asia even after rising tension with China amid persistent concerns surrounding China's Huawei Technology Company. After reports that China summoned both US and Canadian ambassadors to lodge a strong protest over the arrest of the director of Huawei Finance. IMF: Growth slowing in the US in the next two years IMF economist Maurice Obstfield said the US economy will slow somewhat in 2019 and 2020, mostly due to a slowdown in global growth. "For the rest…More

The British pound amid persistent fears of Brexit

10:39 am 2018-12-07

 The pound fell on Friday amid continuing concerns about leaving the EU. Yesterday, London Mayor Sadiq Khan urged Prime Minister Teresa Mai to repeal Article 50 of the Lisbon Treaty and to cancel London's exit from Brussels. Khan pointed out that the worst scenario would be if the UK left the EU without a deal. Meanwhile, the European Court of Justice (ECJ) will formally rule on Monday whether London can unilaterally decide to cancel Brexit. Average house prices rise in UK during November More

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