The UK trade deficit widened in September, but dipped in the first full quarter since the Brexit vote, as sterling falls showed little effect November 9, 2016 The UK’s deficit on trade in goods and services widened in September, Office of National Statistics data has shown. The gap grew by £1.5bn from August to £5.2bn, with exports decreasing by £200m and imports rising by £1.2bn. The deficit on trade in goods was £12.7bn in September 2016, widening by £1.6bn from August 2016. This widening reflected [...]
Why Deutsche Bank thinks the ECB is in for a tougher time following the Trump victory November 9, 2016 Donald Trump's triumph at the US elections could cause Mario Draghi some headaches, according from Deutsche Bank. In a note published early this morning, when Trump's win was clearly on the cards but not yet officially announced, the bank noted a combination of factors that could possibly be triggered by the result – a downward drag on [...]
Paddy Power paid $1m early to people who bet on Clinton, and now has forked out $4.5m to customers to backed Trump November 9, 2016 Betting firm Paddy Power are in hot water after this morning's election result. It paid out over $1m early to customers who made bets on Hillary Clinton, just after the sexual assault allegations against Donald Trump came out. Read more: Trump wins the White House Did they learn NOTHING from Brexit? Nothing is ever off the [...]
How did UK politicians react to Donald Trump’s victory? November 9, 2016 Donald Trump has won the US Presidential Election, and no one is sure how to react. The markets are down, the currency is all over the place and people have woken up in Britain confused and worried about what the future might hold for international relations. And what does this mean for the special relationship? [...]
US Presidential Election 2016: The market says a Fed rate hike is now firmly off the table after Trump’s win November 9, 2016 Before today the US Federal Reserve was on the cusp of hiking interest rates for just the second time since the 2008 financial crisis. Following Trump's shock win last night the chances of that happening are quickly evaporating. Early indications show a revision of a likely rate hike from 80 per cent down to 50 per cent. Analysts [...]
FTSE 100 down 144 points, FTSE 250 down 300 points after Trump wins US Presidential election November 9, 2016 The markets opened London with huge drops as Donald Trump wins the US presidential election. The FTSE 100 was down 144 points, around two per cent to 6696.3, and the FTSE 250 opened down 300 points. However, later much of it was recovered. The prospect spooked US investors, as traders move to shift stocks. Gold has risen around 4.9 per cent [...]
US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]
RBS faces a long road to profitability as it seeks to put its problems behind it November 9, 2016 In an era of ultra low interest rates, ever tightening regulation and steep legacy fines, times are tough for banks. But taxpayer-backed RBS, which has not made a full-year profit since 2007 and has seen shares slide 36 per cent in the year to date, is having a particularly rough ride. This is largely through problems [...]
US Presidential election 2016: Peso plunges to record low as Donald Trump moves towards the White House November 9, 2016 The Mexican peso has plummeted 11.5 per cent early this morning, as Republican candidate Donald Trump moves towards victory in the US Presidential election. Mexico's central bank has announced it will hold a news conference this morning after the peso hit its lowest levels in history. Economists have said the bank is likely to raise its key [...]
Some of the EU’s largest companies are worried that a hard Brexit will cost them dear November 8, 2016 A hard Brexit could hit some of Europe's largest companies by increasing their cost of funding. A report by accountants EY revealed that the likes of Airbus and Volkswagen are worried about the fallout of Britain's exit from the EU, according to reports by Sky News. Read more: A "hard Brexit" could undermine the very things driving [...]