Traders look to cenbanks for guidance
The dollar has bounced off recent lows and was firm in choppy trade. It is ahead of a handful of data releases and central bank meetings which investors expect to guide the rates outlook. The euro fell 0.3% overnight. There are still expectations that the European Central Bank (ECB) will stay dovish. The euro last bought $1.1598. Other moves […]
Bank of Spain to revise down 2021 GDP forecasts
The central bank governor Pablo Hernandez de Cos said that the Bank of Spain will revise down its latest economic forecasts for 2021. This is after the Spanish statistics institute downgraded its growth reading for the second quarter. on Tuesday. De Cos reiterated that he anticipates a gradual normalization of activity in the upcoming months. Spain’s second-quarter gross domestic […]
Sterling little changed by Britain’s 4.8% GDP growth in Q2
Sterling edged lower as analysts expected the Bank of England to make no imminent moves in its monetary policy after official data showed Britain’s economy grew in line with expectations in the second quarter. The Office for National Statistics said that the economy grew by 4.8% in the second quarter. Sterling was little changed and […]
The new approach to 2021 management
The beginning of 2021 might have been good and showing positive results, but to see from a different point of view it might have brought new issues to work for. The vaccines surely have brought in a positive approach to the year but the issues like Brexit and US democrat majority, the fiscal imbalance and […]
Financial Inclusion of the Unbanked
NICK FISHER, GENERAL MANAGER, SALES AND MARKETING UK, JCB INTERNATIONAL (EUROPE) LTD, said “The change towards an economy that eliminates physical cash has long been on the prospect in many regions. Sweden is a case study of a country that is rapidly heading towards this approach. Two years before, just 1% of Sweden’s GDP was […]
Abenomics- Pass or fail?
Chief Cabinet Secretary Yoshihide Suga was officially confirmed as Japan’s new prime minister on the 16th of September 2020. This confirmed the end of Shinzo Abe’s near eight-year reign which was a sudden halt three weeks earlier to his resignation announcement on the grounds of health reasons. Abe’s departure marks the end of his second […]
Do not let a good crisis go to waste –Thai GDP!
The overreliance on the international tourist arrivals by the Thai economy was exposed due to the pandemic as it brought a sudden stop on travelling internationally. Thailand had received almost 40 million tourist in 2019 and the tourism department had expected this figure to double by 2030. After the imposition off as Thai government prioritized […]