GBP News 

GBP/USD Forecast Dec. 18-22 2017

“Here are the key events and an updated technical analysis for GBP/USD. EU leaders formally approved moving to the next phase of Brexit talks, but trade relations could remain complicated” writes Yohay S Google for forexcrunch.com. With Brexit talks not leading to a positive outcome on trade, worrying signs of rising unemployment and a dovish central bank, it is hard to see reasons for the pound to rise. Source: forexcrunch.com Share This:

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Christmas tail: Europe deal could slow yuletide lobster biz

“But Canada and the EU brokered a deal this year that gets rid of tariffs on Canadian lobster exports to the 28-nation bloc” writes The Associated Press for seattletimes.com. The rules are taking effect as American lobster exports to some key European nations have tailed somewhat in recent years.In Canada, members of the lobster industry cheer both the high catch volumes and the relaxed trade rules.Meanwhile, lobster exports to Asia have exploded. Source: seattletimes.com Share This:

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GBP News 

Boris Johnson breaks ranks with ‘vassal state’ warning

“Davis has said he hopes whatever new arbitration system is agreed under the trade deal with the EU could start to operate before the end of the transition period” writes Ros Altmann for theguardian.com. In a pair of defiant articles in the Sunday Telegraph and Sunday Express newspapers, after her defeat this week in the House of Commons over parliamentary scrutiny of a final Brexit deal, the prime minister said: “Amid all the noise, we are getting on with the job. Source: theguardian.com Share This:

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Boris Johnson warns UK cannot become ‘vassal state’ of EU

“But she must now unite her deeply divided cabinet over what trade deal Britain actually wants” writes Tom Welsh for telegraph.co.uk. Britain must strike a strong trade deal with the European Union after Brexit and avoid becoming a subordinate state of the bloc, Boris Johnson said.”In the face of those who want to talk Britain down, we are securing the best and most ambitious Brexit deal for our whole United Kingdom. Source: telegraph.co.uk Share This:

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Ex-PM to lead £750m UK-China investment initiative

“David Cameron has taken a job leading a billion-dollar investment initiative agreed between the UK and China” writes Nicola Slawson for theguardian.com. The chancellor, Philip Hammond, announced the fund and Cameron’s role during an official trade visit to China.The fund will work on China’s multibillion-pound Belt and Road initiative, which aims to create an economic corridor linking the country with its trading partners to the west. Source: theguardian.com Share This:

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Trump to accuse China of ‘economic aggression’: Financial Times

“President Donald Trump will accuse China, America’s largest trade partner, of “economic aggression” when his administration rolls out its national security strategy on Monday, according to a report by the Financial Times” writes unknown author for cnbc.com. “The national security strategy is likely to define China as a competitor in every realm,” the person said.Since taking office, Trump has said he doesn’t blame Beijing for the U.S. trade deficit with China, and he has declined to label China a currency manipulator.Trump said ‘fine, do something on North Korea and on…

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China, UK vow to bolster economic cooperation, speed up stock connect plan

“China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect program” writes Afp Photo for cnbc.com. “We have agreed to accelerate the final preparations for the London-Shanghai stock connect initiative and we’ve agreed to commence feasibility studies for a UK-China bond connect and for mutual recognition of funds between the two jurisdictions,” he said.”China’s savings are ample and we should create conditions to turn more savings into capital of innovative firms,…

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GBP Markets News 

UK will retain EU rules during transition, says Hammond

“A Brexit transition deal will mean the UK retains the same rules that apply within the single market and customs union, the chancellor has said in remarks likely to infuriate Conservative hardliners” writes Jamie Grierson for theguardian.com. Philip Hammond said that although “technically” the UK would not be in the customs union or single market, the transition deal sought by the government would effectively “replicate the status quo” on trade and migration. Source: theguardian.com Share This:

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