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.
2019-11-07 14:36:00 Thursday ET
America expects to impose punitive tariffs on $7.5 billion European exports due to the recent WTO rule violation of illegal plane subsidies. World Trade Org
2020-06-10 10:35:00 Wednesday ET
Most lean enterprises should facilitate the dual transformation of both core assets with fresh cash flows and new growth options. Scott Anthony, Clark Gi
2023-11-14 08:24:00 Tuesday ET
Thomas Sowell argues that some economic reforms inadvertently exacerbate economic disparities. Thomas Sowell (2019) Discrimination and econo
2019-01-08 17:46:00 Tuesday ET
President Trump forces the Federal Reserve to normalize the current interest rate hike to signal its own monetary policy independence from the White House.
2017-06-09 06:37:00 Friday ET
To complement President Trump's pro-business economic policies such as low taxation, new infrastructure, greater job creation, and technological in
2022-03-05 09:27:00 Saturday ET
Addendum on empirical tests of multi-factor models for asset return prediction Fama and French (2015) propose an empirical five-factor asset pricing mode