UK Workers Pay Squeeze Leads to Decline In Living Standards
Latest official data indicates that Britain’s living standards have declined because of the biggest workers’ pay squeeze since 2014. Regular pay has fallen by 0.6% year-on- year during the three months leading to April after it was adjusted to reduce
Read MorePound signals uptrend on strong CPI data
On May 29th, a predicted a downtrend in the GBP/USD pair and an interest to go short at 1.2840 levels, with 1.2600 as the target. Additionally, interest to purchase a put option as well. A week later, the GBP/USD pair
Read MoreNew EU Proposal Threatens London Based Euro Clearing Business
The European Union has released a draft proposal that is likely to cause London to lose its position as the top hub for clearing euro-denominated derivatives transactions. If made into a law, it will allow the EU to force the
Read MoreVivendi’s Q1 2017 adj. income up 57.2%, acquires Havas
Last month, media, content provider Vivendi SA (OTC: VIVHY) reported a 88.3% decline in the fiscal 2017 first-quarter earnings, compared with the corresponding quarter of 2016. Still, the stock price has so far managed to rally about 10% to close
Read MoreYen turns weak on poor Q1 GDP growth
The Euro dollar fell earlier this week due to a rumor that the ECB is about to cut inflation forecasts. A decline in the German factory orders in April also aided the weakness. While the Euro declined, the Yen appreciated
Read MoreHSBC Faces Yet Another Lawsuit Regarding Forex Manipulation
Global banking major HSBC is once again facing accusations of rigging foreign exchange rates as a petition has been filed with a London court for records related to orders executed by the bank in 2006. A UK investment firm ECU
Read MoreVolvo posts strong Q1 2017 earnings, order intake up 11% YoY
The stock of Swedish automaker Volvo (OTC: VLVLY) hit a new 12-month high of $17.036 last Friday. One of the main reasons for the appreciation in the share price is the 20% increase in operating margin in the fiscal 2017
Read MoreCanadian dollar signals uptrend on strong GDP data
Considering the improved outlook for oil and reasonably strong Canadian retail sales in March, on May 19th, we had stated our intention to go short in EUR/CAD pair at 1.5150, with a target of about 1.4880. We had also expressed
Read MoreUK Banks Make It Hard For Customers To Access Funds Overseas
A recent survey carried out by uSwitch.com found that UK Holidaymakers have faced numerous problems due to the fact that their bank had blocked their cards, leaving them in a tight situation in a foreign land. Most UK nationals are
Read MoreNovartis beats Street’s EPS view, Cosentyx sales up 136%
Despite posting a 17% y-o-y decline in the fiscal 2017 first-quarter net income, the stock of Swiss pharmaceutical giant Novartis Ag (NYSE: NVS) has appreciated by about 5% to $81 in the past one month. The company also reported 1%
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