GBPUSD: Again, the commodity channel index has turned up from below ..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.


US Trade Representative’s list of tariffs Retaliation against Airbus

CNBC reports that yesterday Robert Lighthizer, US Trade Representative, proposed a series of new tariffs on imports from the EU in retaliation to the long-running dispute around aircraft subsidies. The World Trade Organisation found (some time ago) that there were ‘adverse effects’ amounting to $11 billion caused by EU subsidies to Airbus, hitting Boeing hard. The new list includes wine and food imports, as well as aircraft parts and might come into force this summer.

Italian Deputy PM Matteo Salvini yesterday announced an alliance of hard- right EU populist parties which will contest this May’s elections to the European Parliament, The Telegraph reports. Those invited to join include his Right League, Alternative for Germany, the Danish People’s Party, The Finns Party and the UK’s Conservatives. He added, ‘’our aim is to be the biggest group in the European Parliament’’, curtailing the ‘’nightmare’’ of federalism and blocking illegal migration. There are currently 751 seats up for grabs, 705 if Britain leaves the EU.

Financial Markets and Political Commentary


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