GBPUSD: Giving up two thirds of this year’s gains as PM Theresa May said to be in tears..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle

 

Friday front page news at Communist Party’s People’s Daily: ‘The trade war can’t bring China down’

‘It will only harden us to grow stronger’, Reuters reports this morning. The piece goes on, ‘what kind of storms have not been seen, what bumps have not experienced for China, with its more than 5000 years of civilisation? In the face of hurricanes, the nearly 1.4 billion Chinese people have confidence and stamina’. Meanwhile China Central Television has this week aired patriotic documentaries about the 1950-1953 Korean war.

Because President Erdogan agreed to buy the advanced Russian S-400 missile defence system, yesterday the White House wrote: ‘Consistent with my determination that it is appropriate to terminate the designation of Turkey as a beneficiary developing country under the Generalised System of Preferences, effective May 17 2019, I have determined to remove it from the list of developing country WTO members’.

Financial Markets and Political Commentary
 

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