2019-08-20 07:33:00 Tue ET
federal reserve monetary policy treasury dollar employment inflation interest rate exchange rate macrofinance recession systemic risk economic growth central bank fomc greenback forward guidance euro capital global financial cycle credit cycle yield curve
The recent British pound depreciation is a big Brexit barometer. Britain appoints former London mayor and Foreign Secretary Boris Johnson as the prime minister. The Conservative Party selects Johnson as the successor to Theresa May to set the stage for fresh Brexit negotiations with the European Commission. This change hits the pound with volatile exchange rate gyrations. The British pound sinks to the new lowest level of US$1.24 in 2017-2019. Johnson advocates that he would be keen to force Brexit with or without a post-May deal on October 31, 2019, which is the latest deadline for Britain to depart the European Union. Alternatively, Britons might consider a second referendum on Brexit with the backstop agreement for free flows of goods between Northern Ireland and the Irish Republic.
Most stock market analysts predict that leaving the European Union with no proper deal would plunge the U.K. into a deep economic recession due to Eurozone trade constraints and capital outflows. U.K. stock markets would fall 5% in light of a 2% decrease in economic output, and the pound would likely plummet 10%-13%. This prediction accords with what the U.K. Office for Budget Responsibility suggests in its recent report on the British economic outlook.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-09-21 09:25:00 Saturday ET
President Trump praises great unity and progress at the G7 summit with respect to Sino-U.S. trade conflict resolution, global climate change, containment fo
2018-09-15 11:35:00 Saturday ET
Apple releases its September 2018 trifecta of smart phones or iPhone X sequels: iPhone Xs, iPhone Xs Max, and iPhone XR. Both iPhone Xs and iPhone Xs Max ha
2025-09-21 12:32:00 Sunday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2018-05-15 08:40:00 Tuesday ET
Net neutrality rules continue to revolve around the Trump administration's current IT agenda of 5G telecom transformation. Republican Senate passes the
2023-08-28 08:26:00 Monday ET
Jared Diamond delves into how some societies fail, succeed, and revive in global human history. Jared Diamond (2004) Collapse: how societies
2019-10-03 17:39:00 Thursday ET
President Trump indicates that he would consider an interim Sino-American trade deal in lieu of a full trade agreement. The Trump administration defers high