Trump Open to Extend Chinese Deadline | UK Inflation Falls Below BOE Targets
Published February 13, 2019
signaled that he is open to extending the March 1 deadline for raising tariffs
on Chinese imports if an agreement in principle is possible by the end of the
month. China’s President Xi Jinping is likely to meet with a US delegation in
Beijing for high-level negotiations on Friday.
extended its slide and has now drifted into negative territory now trading at
1.1309, as the greenback found support from the reports that US lawmakers have
reached a tentative budget deal to avert another partial government shutdown
and the sustained optimism over a possible US-China trade deal.
the UK dropped below the Bank of England’s targets with prices increasing 1.8%.
Additionally, continued inquiries regarding the health of the euro-area economy
resurfaced as industrial production fell 0.9% marking the largest annual
decline in a decade.
US January inflation data will be published with expectations for substantial
drops in the headline number to 1.5%, while core inflation is forecasted to hit
2.1%. Later, the US budget statement for December will be published, with a
number of Fed members speaking at events throughout the day.