Also in the news...
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
USD outlook for 2019 shifting rapidly
GBP / USD Expected Range: 1.2620 – 1.2710
In the space of a few weeks the outlook about Federal Reserve interest rates for 2019 has taken a huge u-turn with markets going from pricing in 3 interest rate hikes, to two and then zero for the year. Indeed, yesterday the conversation shifted one step further with some suggesting that interest rates could infact be cut by the Fed at the back end of the year. If this were to be the case 2019 could be a difficult year for the dollar and whilst there would still be a large gap between Fed and ECB rates that would still narrow especially if the ECB hiked rates themselves. Meanwhile in Washington the Democrats took charge of the House of Representatives where Nancy Pelosi was once again sworn in as speaker of the House. As a first step the Democrat controlled House voted to end the partial government shutdown in a futile move with the bill set to be vetoed by President Donald Trump. For Fed Chair enthusiasts as well today is exciting with Jerome Powell forming a reunion with previous heads Janet Yellen and Ben Bernanke. Hopefully it will be better than the Inbetweeners reunion