Daily News | Trump’s speech lifts spirits

At the end of this week, plenty of news are coming to us once again from the business world. President Trump’s speech is in the spotlight today, but there is more to discuss. We will be giving you the roundup of all the most interesting stories out there, so keep reading. First, let’s start with the British pound sterling. From Tuesday to Wednesday, this currency fell from $1.2425 to $1.2298. It does seem that the government of the United Kingdom is looking to ease problems that its withdrawal from the EU might have on the country’s economy by creating a post-Brexit free trade deal with the organization. London also seems to be willing to discuss EU customs union rules. This could have a big impact on the flow of goods across the UK, in a positive sense of course. We will of course continue to look into the challenges the UK’s economy faces, but let us now look at the US dollar. In the same period, the USD rose from €0.9417 to €0.9478. It seems that US Treasury yields rose along the dollar and Wall Street rallied, since the bets on an imminent interest rate hike surged, following President Trump’s speech in the Congress. We will keep you appraised of the situation in the future, so be sure to follow us tomorrow!

Daily News | Choose the equipment you need

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Author: Max Rothstein

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