The United Kingdom will formally exit the European Union in March 2019. Both the UK and the countries representing the euro area are expectantly readying for the massive changes that are likely to follow once Britain exits.
Euro
The pound sterling came under selling pressure versus the greenback and the euro this month, as mixed economic data from the United Kingdom and the ongoing departure negotiations with the 27 countries representing the European Union (EU) have remained grim. The UK is due to exit the European Union at the end of March 2019.
The seasonally adjusted second-quarter 2017 gross domestic product (GDP) growth in the eurozone, or the 19-member euro area, rose at a related pace of 0.6 percent. Compared to the same period a year earlier, the seasonally adjusted growth numbers in the euro area expanded at 2.1 percent, and 2.2 percent in EU28.
Members of the monetary committee of the Bank of Japan (BOJ) have excluded for the moment the possibility of decreasing their monetary-easing policy. The issue is that their 2 percent target for inflation is far from being achieved in Japan and is not forecast to be in the short-term.