EUR/USD
1.16458
0.406%
Gold
4672.04
1.968%
Oil
59.347
0.149%
USD/JPY
158.072
0.000%
GBP/USD
1.34276
0.359%
GBP/JPY
212.253
0.356%
Real-time News
On January 20th, economists warned that the UK faces the risk of recession if President Trump swiftly implements his latest tariff threats. According to Capital Economics, if the new tariffs threatened by the US president are quickly imposed on top of the existing 10% import tax in the UK, UK GDP will decline by 0.3% to 0.75%. According to the World Banks assessment of UK economic growth, if Trump raises tariffs to 25% from June, the UK economy could suffer a £21.6 billion blow. Paul Dales, Chief UK Economist at Capital Economics, stated, "Currently, the UK economy is growing at only 0.2% to 0.3% per quarter; if the shock arrives all at once, it could trigger a recession."Hang Seng Index futures closed up 0.20% at 26,640 points in overnight trading, a premium of 76 points.Eurogroup President Pierracakis: The Eurogroup did not discuss the Greenland issue; Greenlands sovereignty must be respected.The Central Bank of Peru said it bought $261 million in the spot market.Fitch Ratings: Exports to key frontier markets in Europe continue to recover.
