Industrial production in Germany fell by a bigger-than-expected 1.5 percent month-on-month in June 2019, after the escalating trade war between the United States and China triggered a negative impact on the country’s exports.
The pound sterling fell to 27-month lows against the greenback on July 16, after Boris Johnson and Jeremy Hunt, frontrunners to succeed outgoing UK Prime Minister Theresa May, hardened their Brexit pitches over the Irish backstop.
The ongoing US-China trade conflict took an ugly turn in May after the United States imposed sanctions on the world’s biggest supplier of telecom equipment and smartphones, China’s Huawei Technologies, cutting the company off from all of its trading partners in the US and barring US companies from supplying components without government approval.
The pound sterling rebounded from its April 2017 low after the Brexit deal of Prime Minister Theresa May’s Conservative Party was defeated by a record margin of 230 votes in the House of Commons on January 3 of this year.
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
Consumer prices in the United Kingdom jumped 0.7 percent in August, after remaining flat for the previous two months, according to the UK’s Office for National Statistics (ONS).
Business activity in the United Kingdom’s manufacturing sector continued to slip in April, after peaking in November of last year. The weakening in manufacturing activity was led by multiple factors, including a decline in business optimism
This year will decide Britain’s future in the eurozone. To understand how the eurozone-UK Brexit negotiations will impact nations and businesses, the outcome of the talks, which are already in an advanced stage
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.
The 2018 Italian election is proving to be a hard battle between the center-right bloc and the Five Star Movement (M5S), a Euro-skeptic party. As the outcome of the March election shows, the fight is evident as the vote split the country in half.
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