Category Archives: Economy of the United Kingdom
US Trade Balance Shrinks More Than Expected As Deficits With China, EU Decline
The U.S. trade deficit shrank 2.7% in August 2017, declining from a downward revised $43.6 billion in July to to $42.4 billion in August, better than the $42.7 billion expected, as exports increased by 0.4% to $195.3 billion and imports decreased by 0.1% to $238.1 billion. This was the smallest trade deficit since last September, […]
Cable Drops Back Below 1.35 After Carney Walks Back Rate-Hike Comments
Having sent cable 4 big figures higher after his hawkish comments last week, BoE Governor Carney is out desperate to reassure markets he won’t break anything by explaining that any rate hikes will be “limited and gradual.” Cable has started to leak lower on the headlines… “There remain considerable risks to the U.K. outlook,” he […]
Your Future Wealth Depends on what You Decide to Keep and Invest in Now
Millienials look for instant gratification Spend half of their income on leisure Instant gratification doesn’t work if need to save for the future Savings rates falling, few have retirement funds Important to understand marginal difference between spending and pleasure Future wealth depends on what you decide to keep and invest in now This week the […]
“Brexit Is A Lose-Lose” – George Soros Slams Brits’ “False Hopes” As UK Economy Nears “Tipping Point”
A day after Brexit negotiations officially began, and seemingly unable to get over the result of democracy, George Soros is once again rattling his op-ed sabre, proclaiming the ignorance of British 'brexit' voters is about to get its come-uppance… Economic reality is beginning to catch up with the false hopes of many Britons. One […]
Europe, US Futures Slip Despite Brent Bouncing Back To $51
Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record […]
After Brexit, 9 Reasons To Be Bullish On Great Britain
Authored by Daniel Stelter via Think-BeyondTheObvious.com, Today Mrs. May finally officially announced Brexit and kicked-off the process of divorce from the EU. A disaster for Britain, according to officials in Brussels, Berlin and Paris. Really? Rarely there is such broad consensus: The British voters made a huge mistake in voting for Brexit. The country will […]