The pound had a good week. Warnings about the possible hacking of Britain's infrastructure by the Kremlin were ineffective at holding back the pound at the end of last week and there was a raft of positive stats and announcements to provide support.
Weekly currency round up - 23rd February 2018. moneycorpbank1
The end of last week didn’t bring much good news for sterling. UK retail sales in January were up by 0.1% from December and 1.6% more than in the same month last year.
Last week the pound strengthened by an average of 0.5% against the other dozen most actively-traded currencies. The main focus for sterling was Brexit, and whether the government could come up with a plan that would avoid alienating half the ruling Conservative party.
Manufacturing PMI came in at 54.4, half a point higher on the month and nearly a point above forecast. Sterling strengthened by an average of 0.6% after the announcement and adding three quarters of a euro cent. However, despite a UK construction sector purchasing managers' index that was unchanged on the month and half point above forecast.
Weekly Currency Round-up - 16th March 2018 moneycorpbank1
At the end of last week, PM Theresa May gave a speech which acknowledged that trade with the EU will become more difficult, the ECJ will continue to have a say on certain matters and some freedom of movement will persist.
Weekly Currency Round up – 16th February 2018moneycorpbank1
The pound was off to a poor start at the beginning of this week, particularly given the Bank of England’s guidance last week that the UK interest rates would rise sooner and further than previously suggested.
Weekly currency round up - 23rd February 2018. moneycorpbank1
The end of last week didn’t bring much good news for sterling. UK retail sales in January were up by 0.1% from December and 1.6% more than in the same month last year.
Last week the pound strengthened by an average of 0.5% against the other dozen most actively-traded currencies. The main focus for sterling was Brexit, and whether the government could come up with a plan that would avoid alienating half the ruling Conservative party.
Manufacturing PMI came in at 54.4, half a point higher on the month and nearly a point above forecast. Sterling strengthened by an average of 0.6% after the announcement and adding three quarters of a euro cent. However, despite a UK construction sector purchasing managers' index that was unchanged on the month and half point above forecast.
Weekly Currency Round-up - 16th March 2018 moneycorpbank1
At the end of last week, PM Theresa May gave a speech which acknowledged that trade with the EU will become more difficult, the ECJ will continue to have a say on certain matters and some freedom of movement will persist.
Weekly Currency Round up – 16th February 2018moneycorpbank1
The pound was off to a poor start at the beginning of this week, particularly given the Bank of England’s guidance last week that the UK interest rates would rise sooner and further than previously suggested.
Manhattan West Weekly Market Commentary 10.14.19 TrevorCharlston
Attention shifted from global economic growth concerns to U.S.-China trade talks last week, and progress towards a resolution helped boost domestic equity markets. The S&P 500 was up 0.66% last week, while the Dow and Nasdaq were up 0.93% and 0.94% respectively. The Dow is the only major index with a year-to-date return below 20%, while the Nasdaq leads the way at 22.45%. The S&P 500 currently has a year-to-date return of 20.38%. Interest rates rose last week as the appetite for risk increased, with the U.S. 10-Year Treasury Note selling off 24 basis points and finishing the week at 1.76%. This appetite for risk was also driven by perceived progress in Brexit discussions between the United Kingdom and European Union.
After last week’s positive indications from the Bank of England MPC meeting and an increase in retail sales by 0.8% in February, the pound started the week well.
The Federal Reserve raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and
strengthening job market. In lifting its benchmark lending rate by a quarter percentage point to a target range of
Etude PwC Global Economy Watch (fév. 2015)PwC France
http://bit.ly/GlobalEconomyWatchfev15-CP
Selon la dernière étude « Global Economy Watch » du cabinet d’audit et de conseil PwC, les économies importatrices nettes de pétrole, telles que la zone Euro, les États-Unis et le Japon devraient être les grandes gagnantes de la chute du prix du pétrole au cours de l’année 2015. La zone Euro devrait également bénéficier à court terme du programme d’assouplissement quantitatif annoncé par la BCE.
The EU Referendum: The Future of the UK and Europe - Third Edition - July 2016Ewan Kinnear
The EU Referendum - the Future of the UK and Europe. Lloyds Banking Group has prepared this fact based and objective document to help inform about the technical and mechanical aspects around the various models for a future UK-EU relationship and what happens next.
Macroeconomic Developments Report. March 2021Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
China’s factory activity showed some signs of stabilizing in June but still contracted for the
fourth straight month, according to a preliminary private survey, suggesting more stimulus
measures may be needed to support the world’s second-largest economy.
Olivier Desbarres: UK economy post referendum – for richer, but mostly for po...Olivier Desbarres
We may well never know the true extent of the impact of the EU referendum outcome on the British economy, markets and ultimately standards of living. This may not be the most satisfying conclusion, but this uncertainty is one which policy-makers will have to grapple with.
As to the bigger question of whether the UK is better off today or will be better off in years to come when one takes into account not only the impact on the economy but also broader, less tangible issues such as sovereignty, the answer is and will likely remain even more subjective.
In any case, available data paint a patchy picture of the UK economy post-referendum. Construction and services have been harder hit than manufacturing. Retail sales were strong in July thanks in part to a robust labour market and plentiful lending. While this defies the collapse in consumer confidence temporary factors may also have been at play.
The residential property market at a national level has been softer but resilient post referendum. Mortgage lending remains depressed but government policies are for now more likely to blame. The commercial property market has been harder hit.
Sterling’s 10% collapse since the referendum, following a 10% depreciation between November and June, is seemingly supporting economic growth and demand for UK assets even if history suggests that it is no panacea. Its inflationary impact has so far been very modest but the risk is a squeeze on profit margins and real wages.
At the same time sterling’s collapse has tangibly eroded the UK’s net wealth, at least when expressed in foreign-currency terms – a fact largely ignored by policy-makers and the media.
I would expect the BoE to continue favouring monetary and credit policies which explicitly help spur lending, spending and investment and, implicitly at least, help cap sterling. While this may not translate into another policy rate cut or round of QE near-term, the BoE is likely to keep this option firmly on the table if the UK economy fails to return to trend in the next six months.
Mercer Capital's Value Focus: Energy Industry | Q1 2021 | Region Focus: Eagle...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Weekly Currency Round up- 9th February 2018moneycorpbank1
At the end of last week, UK PMIs for manufacturing (55.3) and construction (50.2) were lower on the month and below forecast, but this seemed to have little impact on sterling, perhaps because investors’ focus was elsewhere.
Manhattan West Weekly Market Commentary 10.14.19 TrevorCharlston
Attention shifted from global economic growth concerns to U.S.-China trade talks last week, and progress towards a resolution helped boost domestic equity markets. The S&P 500 was up 0.66% last week, while the Dow and Nasdaq were up 0.93% and 0.94% respectively. The Dow is the only major index with a year-to-date return below 20%, while the Nasdaq leads the way at 22.45%. The S&P 500 currently has a year-to-date return of 20.38%. Interest rates rose last week as the appetite for risk increased, with the U.S. 10-Year Treasury Note selling off 24 basis points and finishing the week at 1.76%. This appetite for risk was also driven by perceived progress in Brexit discussions between the United Kingdom and European Union.
After last week’s positive indications from the Bank of England MPC meeting and an increase in retail sales by 0.8% in February, the pound started the week well.
The Federal Reserve raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and
strengthening job market. In lifting its benchmark lending rate by a quarter percentage point to a target range of
Etude PwC Global Economy Watch (fév. 2015)PwC France
http://bit.ly/GlobalEconomyWatchfev15-CP
Selon la dernière étude « Global Economy Watch » du cabinet d’audit et de conseil PwC, les économies importatrices nettes de pétrole, telles que la zone Euro, les États-Unis et le Japon devraient être les grandes gagnantes de la chute du prix du pétrole au cours de l’année 2015. La zone Euro devrait également bénéficier à court terme du programme d’assouplissement quantitatif annoncé par la BCE.
The EU Referendum: The Future of the UK and Europe - Third Edition - July 2016Ewan Kinnear
The EU Referendum - the Future of the UK and Europe. Lloyds Banking Group has prepared this fact based and objective document to help inform about the technical and mechanical aspects around the various models for a future UK-EU relationship and what happens next.
Macroeconomic Developments Report. March 2021Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
China’s factory activity showed some signs of stabilizing in June but still contracted for the
fourth straight month, according to a preliminary private survey, suggesting more stimulus
measures may be needed to support the world’s second-largest economy.
Olivier Desbarres: UK economy post referendum – for richer, but mostly for po...Olivier Desbarres
We may well never know the true extent of the impact of the EU referendum outcome on the British economy, markets and ultimately standards of living. This may not be the most satisfying conclusion, but this uncertainty is one which policy-makers will have to grapple with.
As to the bigger question of whether the UK is better off today or will be better off in years to come when one takes into account not only the impact on the economy but also broader, less tangible issues such as sovereignty, the answer is and will likely remain even more subjective.
In any case, available data paint a patchy picture of the UK economy post-referendum. Construction and services have been harder hit than manufacturing. Retail sales were strong in July thanks in part to a robust labour market and plentiful lending. While this defies the collapse in consumer confidence temporary factors may also have been at play.
The residential property market at a national level has been softer but resilient post referendum. Mortgage lending remains depressed but government policies are for now more likely to blame. The commercial property market has been harder hit.
Sterling’s 10% collapse since the referendum, following a 10% depreciation between November and June, is seemingly supporting economic growth and demand for UK assets even if history suggests that it is no panacea. Its inflationary impact has so far been very modest but the risk is a squeeze on profit margins and real wages.
At the same time sterling’s collapse has tangibly eroded the UK’s net wealth, at least when expressed in foreign-currency terms – a fact largely ignored by policy-makers and the media.
I would expect the BoE to continue favouring monetary and credit policies which explicitly help spur lending, spending and investment and, implicitly at least, help cap sterling. While this may not translate into another policy rate cut or round of QE near-term, the BoE is likely to keep this option firmly on the table if the UK economy fails to return to trend in the next six months.
Mercer Capital's Value Focus: Energy Industry | Q1 2021 | Region Focus: Eagle...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Weekly Currency Round up- 9th February 2018moneycorpbank1
At the end of last week, UK PMIs for manufacturing (55.3) and construction (50.2) were lower on the month and below forecast, but this seemed to have little impact on sterling, perhaps because investors’ focus was elsewhere.
Olivier desbarres what you may have missed and why it mattersOlivier Desbarres
Financial Expert Olivier Desbarres looks back at the financial news from the 2014 Christmas period. Highlighting the important snippets of worldwide news, Olivier discusses what implications these financial news could mean for the global economies.
The drivers of renewed euro and sterling weaknessHantec Markets
The US dollar is performing strongly once more, but is this underlying strength of the greenback or simply due to weakness elsewhere? We consider the outlook for forex, equities and commodities markets this week.
Brexit chaos continues with the can kicked further down the roadHantec Markets
The Brexit can has been kicked down the road for a couple of weeks at least, but we are not out of the woods yet. We look at the latest developments and the impact on markets. The increased market fear over an inverted US yield curve is impacting on the outlook for forex, equities and commodities.
Weekly Currency Round-Up – Friday 15th June 2018Beatrice Garcia
Ecostats throughout the week and Tuesday’s debate in the House of Commons over amendments to the EU withdrawal bill have all had effects on the pound, this week.
This is Western Union Business Solutions October edition of the global currency outlook, providing you and your business with invaluable market insight and visibility of key risk events.
Quantic Asset Management Monthly Review April 2019
Find out more about our services by visiting https://www.quantic-am.com/en/and https://www.tirthas.com/
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Escalation of the trade dispute remains key this weekHantec Markets
With Donald Trump continuing to escalate his protectionist rhetoric in the trade dispute with China, the geopolitical risks remain paramount for traders this week. How does this impact on the US dollar and emerging markets? We look at the impact on forex majors, equities and commodities markets in the coming days.
This month’s update is longer and contains more geopolitics than usual. This is because, for the first time in two generations, the economies of every country in the world are growing (with the possible exception of North Korea). This synchronised global upswing presents new risks and uncertainties.
http://www.jsacs.com/
Similar to Weekly Currency Round up- 23rd March 2018 (20)
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
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#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
1. Weekly Currency Round up- 23
rd
March 2018
The pound had a good week. Warnings about the possible hacking of Britain's infrastructure by the Kremlin
were ineffective at holding back the pound at the end of last week and there was a raft of positive stats and
announcements to provide support. Britain and the European Union have come to an agreement about a 21-
month Brexit transition period. It isn't the finished article and it contains a couple of big gaps, not least
regarding Ireland, but investors signed up for it and they marked sterling higher on Monday. The good news is
that a transition agreement has been reached, giving people and companies certainty about their situation
until 31 December 2020. The less good news is that they still cannot be sure what will happen after that.
Nevertheless, two and a half years of certainty is better than 12 months' so the pound went up on Monday,
strengthening by an average of 0.6%.
Rightmove's index of UK house prices is up by 2.1% on the year. The UK consumer price index data showed
inflation slowing from 3.0% to 2.7%, more of a deceleration than the 2.8% forecast by analysts. Traditionally,
such a miss would have sent the pound lower: on this occasion it just wobbled a bit. The stats following
limited the damage as there was total earnings growth, from 2.7% to 2.8%, showing that incomes are rising
faster than prices. Towards the end of the week, the minutes of the Monetary Policy Committee were
released, confirming that the interest rates will remain at 0.5%. The committee voted 7-2 to keep the rates the
same, but provided some hawkish signals which could lead to change after the next meeting in May. The
evolving tone is in response to recent data regarding the rate of inflation and employment, and a proposed
deal to increase NHS pay by at least 6.5% over three years, which could have a knock on effect on public
sector pay. The retail sales report for February gave mixed signals – sales volumes grew by 0.8% compared
with January, but there was a drop of 0.3% in non-food items, suggesting consumers are spending on
essential items such as petrol and groceries and that household budgets remain somewhat constricted. The
move had been largely expected by economists; the pound gained slightly against the euro and the US dollar
ahead of the decision; it dipped slightly as the news approached but appears to be retaining most of the gains
so far today and has reached its highest level against the euro since June 2017.
In contrast, there was very little news from Euroland. Brexit negotiations impact the sterling much more than
the euro and with so much drama elsewhere, the narrowing of the Euroland trade surplus from €23bn to
€22bn in January made little impact either way.
In the US, the dollar dropped half a cent after the chairman of the Federal Reserve Jay Powell announced a
rise in the benchmark rate by a quarter of a percentage point to target a range of 1.5% - 1,75%. The dollar
dropped by half a cent as a response. The move was expected, and the "dot plot" chart of members'
predictions for the future course of interest rates was a tad more hawkish than the last time it appeared in
December. Another two rate increases are on the cards for 2018 but there might just be three before
Christmas.
The Canadian dollar started the week riding high, following reports the US has dropped a demand in the
NAFTA talks that all vehicles made in Canada (and Mexico) for export to the US contain at least 50% US
content. However, the optimism was short-lived. U.S. stocks slumped as President Donald Trump's move to
impose tariffs on up to US$60 billion of Chinese imports. Canada's commodity-linked economy could be hurt
if global trade slows and fell back after a 10 day high at the middle of the week.
The Reserve Bank of Australia released the minutes of its monetary policy board and unlike elsewhere, there
was no change or any indication that change might be forthcoming. Nevertheless, the Aussie remained
steady against the Canadian and NZ dollars, down by a cent against sterling. There were few other stats to
make any impact, other than a report showing Australian house prices were 5% higher on the year.
Moneycorp Bank is a trading name of Moneycorp Bank Limited. Moneycorp Bank Limited is registered in Gibraltar under company number 113151 with
its registered office at 7/b King’s Yard Lane, Gibraltar, GX11 1AA. Moneycorp Bank Limited is authorised and regulated by the Gibraltar Financial Services
Commission.