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TRUMP SAID THAT THE 1 MARCH DEADLINE COULD BE EXTENDED

Today Remains Quiet On The Data Front, With US Markets Closed For Presidents Day And Only The Rightmove House Price Index Released For The UK.   Rightmove Said That Prices For Newly Advertised Properties Had Only Increased By 0.2% In February Compared To The Previous Year. Over The Past Year, Asking Prices Rose By The

Today Remains Quiet On The Data Front, With US Markets Closed For Presidents Day And Only The Rightmove House Price Index Released For The UK.

 

Rightmove Said That Prices For Newly Advertised Properties Had Only Increased By 0.2% In February Compared To The Previous Year. Over The Past Year, Asking Prices Rose By The Least In A Decade, Indicating That The Housing Market Is Slowing Ahead Of The UK’s Departure From The European Union. However, In Light Of The Recent Increase In Wage Growth, This Also Means That The Affordability Of Housing Has Improved At The Fastest Rate Since 2011.

GBP/USD Gains As Global Risk Sentiment Improves

While The GBP/USD Exchange Rate Has Edged Higher Today, The US Dollar Has Garnered Some Support From Increased Demand For Safe-Haven Currencies Ahead Of The Continuation Of US-China Trade Discussions In Washington.Over The Weekend, Official Reports From The White House Suggested That While Progress Had Been Made In Beijing, ‘Much Work Remains’. US President Donald Trump Said During A White House News Conference That They Were Closer Than Ever Before To ‘Having A Real Trade Deal’ And He Would Be ‘Honoured’ To Remove Tariffs If An Agreement Can Be Reached. Global Risk Appetite Was Also Slightly Improved By Another Reiteration Of Trump’s Suggestion That The 1 March Deadline Could Be Extended. On Sunday, The President Said That ‘Big Progress’ Is Being Made Between The US And China On ‘So Many Different Fronts.’

GBP/USD Outlook: Will Sterling Rise On Wage Growth?

Tuesday Is Set To Be A Livelier Day In Terms Of Economic Data Releases, With The Pound US Dollar (GBP/USD) Exchange Rate Likely To Rise If UK Employment Data Matches Forecasts. The ILO Unemployment Rate Is Forecast To Remain Steady At 4%, A Result Which Could Lend The Pound Support. The Pound May Also Advance In Reaction To An Expected Increase In UK Average Earnings, Both Including And Excluding Bonuses. As There Is An Absence Of Notable US Data, The Focus Is Likely Going To Remain On The Continuation Of US-China Trade Discussions In Washington.

The ‘Greenback’ May Slip Against GBP If There Are Signs Of Progress Made Between US And Chinese Officials, As Rising Global Risk Sentiment Could See Investors Pull Out Of The Safe-Haven USD.

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Lira continues in tumbles (22.05.2019)

Via Zerohedge, While there wasn’t a specific event behind today’s mauling of Turkey, which to many investors has become the canary in the emerging markets coalmine, the selling picked up after Turkey said soldiers had been dispatched for training in Russia ahead of the delivery of the S-400 missile-defense system. As Defense Minister Hulusi Akar

Goldman Sachs Favors Microsoft Over Apple Amid Trade War –Thursday, May 9, 2019

Governments Of All Stripes Like To Take Credit For The Jobs Created In An Economy, But In Australia’s Case It Is Literally True. According to figures from the Australian Bureau of Statistics (ABS) all the gains in employment for the year to February were in the public sector, some 292,900 in all. By contrast, private

President Donald Trump Dramatically Increased Pressure On China

President Donald Trump Dramatically Increased Pressure On China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. The move marked a major escalation in tensions between the world’s largest economies and a shift in tone