img CDN
img AUS
img NZ
img US
Call us now: 1.844.363.7297
imgOnline Dealing Login

Trump Open to Extend Chinese Deadline | UK Inflation Falls Below BOE Targets

Published February 13, 2019
  • President Trump 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.
  • EUR/USD 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.
  • Inflation in 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.
  • This morning 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.