The cross-border trade by Northern Ireland retailers is likely to decrease. This is the result of increasing inflation in the United Kingdom and due to the declining Euro. Inflation in the UK reached the highest level since November 2008 last month. This was caused by increasing food costs and budget tax increases.
British trade deficit increases in March
The British trade deficit with the other countries in the world increased strongly in March, the Office for National Statistics (ONS) revealed.
The deficit widened to €4.02 billion in March in comparison to €2.39 billion in the previous month.
Read more...The deficit widened to €4.02 billion in March in comparison to €2.39 billion in the previous month.
Kiwi Dollar up on increased risk-taking – Euro hit by doubts about Greek aid package
The Kiwi Dollar gained this Monday versus the key currencies. The expectation that Greece receives this €110 billion rescue package boosted risk-taking among investors. They preferred higher-return trading options like the New Zealand Dollar. Europe’s Single Common Currency faced the opposite scenario and dropped due to the uncertainty with relation to the Greek aid package.
Read more...Japanese interest rates unchanged - Central bank controls Swissie’s appreciation
The Bank of Japan has held its key interest rate close to zero today. It announced that it would increase measures to strengthen the Japanese economy. The eight-member policy board of Japan’s central bank unanimously agreed to keep its overnight call rate target at 0.1%. The last interest rate adjustment took place in December 2008.
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