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Currency Manipulator? – Is Trump Right to Accuse China of Being One?

The current trade war escalated further this week with President Trump officially accusing China of being a currency manipulator. In recent weeks talks between the two superpowers have if anything regressed and the latest accusations from the White House will do little to ease the deadlock. The comments were motivated by a significant weakening in the CNY exchange rate. The…

Ten Pounds Banknote From The Bank Of Scotland

SNP Membership Support New Scottish Currency as Independence Enthusiasm Grows

Scottish National Party (SNP) members have voted for a “fast-track” plan to ditch the pound if Scotland were to vote for independence, directly opposing the views of party leadership. The party membership supported the preparation of a Scottish currency “as soon as practicable”. Leader Nicola Sturgeon’s allies had opposed this amendment at her party’s conference Friday, but the proposal was forced…

Petroleum, Petrodollar And Crude Oil Concept : Pump Jack And A Black Barrel On US USD Dollar Notes, Depicts The Money Received Or Earned From Sales After Investment In The Development Of Oil Industry.

CAD and NOK up as Reports State the US Will Removes Tariff Waivers for Importers of Iranian Oil

The Canadian Dollar and Norwegian Krone were both boosted yesterday as the Washington Post broke a story that the US will announce the removal of tariff waivers for those who continue to import Iranian oil. It's anticipated that the Secretary of state Mike Pompeo will shortly announce US sanctions to nations that continue to import Iran’s oil. The US plans…

Turkish Lira With Turkish Flag

Turkish Lira Plunges Heavily Days before Controversial Weekend Political Elections

The Turkish lira plunged even further against the US dollar ($) after investors were spooked by a currency crackdown by President Recep Tayyip Erdogan ahead of elections this Sunday. The currency suffered its second sharp slide in a week after the Turkish authorities depleted its foreign reserves to head off another crisis and stopped its own banks’ lending the currency…

USA And China Trade War. US Of America And Chinese Flags Crashed Containers On Sky At Sunset Background. 3d Illustration

Are the US Calling Time on Their Tariffs on Chinese Goods?

It has been rumoured over the last few days that the US might be considering stopping their tariffs. The rumours which were publicised in the Wall Street Journal sent the Dow skywards with the average stock rising nearly 0.7%. The WSJ reported that the US Treasury Secretary Steven Mnuchin is considering reducing or lifting the current tariffs in order to…

Brexit, Flags Of The United Kingdom And The European Union On Asphalt Road With Legs

Irrelevant Gold

Since the EU referendum on 23rd June 2016, endless scenarios have been debated on the implications of our divorce from the EU and what that means for the finances of individuals, both presently and in the future. As 29th March 2019 approaches (the scheduled departure date), the prospect of a ‘no-deal’ Brexit and the impact such a scenario would have…

Currency Exchange Rate On Digital LED Display Board

The G7 – A Week in Foreign Exchange

After the UK government lost a key Brexit Finance bill last week, the likelihood of a ‘no deal’ continues to decrease. It appears that, with her Commons vote on Tuesday (7 p.m.) and her comments over the weekend, Teresa May will be appealing to the ‘leavers’ in her party to either vote for a deal they’re not entirely happy with,…

US And China Finance Economic Direction, Trade War, Import And Export Or World Economy Concept, Compass On US Dollar And China Yuan Banknotes, Tariff Deal Situation.

Are the Effects of Trump’s Trade War Being Reflected in China’s Economic Data?

The last month has seen China publish numerous points of disappointing data figures, many of which have fallen behind estimate, all of these data releases point towards a slowing in appetite almost certainly due to the spiralling potential trade war with the US which although suspended remains far from resolved. Year on year Chinese industrial production Whilst industrial production output…