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.
2019-11-03 12:30:00 Sunday ET

Chinese trade delegation offers to boost purchases of U.S. agricultural products to reach an interim trade deal with the Trump administration. Chinese Vice
2023-12-07 07:22:00 Thursday ET

Economic policy incrementalism for better fiscal and monetary policy coordination Traditionally, fiscal and monetary policies were made incrementally. In
2020-01-08 08:25:00 Wednesday ET

Conservative Party wins the British parliamentary majority in the general election with hefty British pound appreciation. In response to this general electi
2022-05-15 10:29:00 Sunday ET

Innovative investment theory and practice Corporate investment can be in the form of real tangible investment or intangible investment. The former conce
2022-04-25 10:34:00 Monday ET

Corporate ownership governance theory and practice The genesis of modern corporate governance and ownership studies traces back to the seminal work
2017-09-03 10:44:00 Sunday ET

President Donald Trump has released his plan to slash income taxes for U.S. citizens and corporations. The corporate income tax rate will decline from 35% t