Pound Drop Boosting Corporate Profits Over U.K. Economy: Chart
Pound Drop Boosting Corporate Profits Over U.K. Economy: Chart
The pound’s drop since the Brexit vote may do more to help the earnings of British exporters than the economy as a whole, as firms selling goods abroad take the exchange-rate windfall to lift profits rather than to increase their market share. Official figures Friday showed export prices in sterling…
Bloomberg
Bloomberg
U.K. Industry Posts Better End to 2016 Than First Estimated
U.K. Industry Posts Better End to 2016 Than First Estimated
U.K. industrial production rose in December as manufacturing jumped, capping a better-than-estimated performance in the fourth quarter.
Bloomberg
Bloomberg
BOE Nears Its 2% Inflation Target for First Time in Three Years
BOE Nears Its 2% Inflation Target for First Time in Three Years
U.K. inflation is almost back on target.
Bloomberg
Bloomberg
Goldman Sees Cheaper Energy From Border Tax But Not in U.S.
A proposed U.S. border-adjustment tax would make fuels that provide half the world’s energy cheaper -- for everyone except Americans.
Bloomberg
Bloomberg
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Foreigners Scoop Up Egyptian Debt; Borrowing Costs Plunge
Foreign investors bought almost all of the Egyptian Treasuries sold on Thursday, adding to recent evidence that confidence in the economy is growing since it floated the pound and secured a $12 billion loan from the International Monetary Fund.
Bloomberg
Bloomberg
RBA’s Lowe Says Tough to Argue Currency Too High With 3% Growth
Australia’s central bank Governor Philip Lowe said he uses a framework involving interest rates and the economic-growth outlook -- currently 3 percent for this year and next -- to assess whether the local dollar is at an appropriate level.
Bloomberg
Bloomberg