Tuesday, February 27

Day: May 19, 2017

The pound looks set for significant further upside now that it’s regained $1.30
ENGLISH, United Kingdom

The pound looks set for significant further upside now that it’s regained $1.30

    The pound on Thursday pushed above $1.30 for the first time in nearly 8 months, and analysts say the door looks open to further gains for the British currency. It took a blowout British April retail sales report the best since January 2016 to propel the currency above that round number for the first time since late September. The pound (GBPUSD) leapt to an intraday high of $1.3048 after failing since late September to surpass $1.30. Should the pair hold above here today, it could signal significant further upside in the pair in the coming weeks and months, said Craig Erlam, senior market analyst at OANDA, in a note. Of course, sterling is always going to be vulnerable to Brexit-related news, but should we see a calm few months on this front and the data continue to perform...
Iran votes in verdict on Rouhani’s economy, diplomacy
Arab world, ENGLISH

Iran votes in verdict on Rouhani’s economy, diplomacy

    Iranians poured into polling stations on Friday to give their verdict on  and his troubled efforts to rebuild ties with the world and kick-start the struggling economy. Rouhani, a 68-year-old moderate cleric who spearheaded a 2015 nuclear deal with world powers, has sought to frame the election as a choice between greater civil liberties and ‘extremism’. But he faces stiff competition from hardline cleric Ebrahim Raisi, 56, who has positioned himself as a defender of the poor and called for a much tougher line with the West. We are still not pleased with the situation, but in the four years of Rouhani there has been a relative improvement and I’m voting to keep that, said Alireza Nikpour, a 40-year-old photographer in Tehran. The president and his popular foreign mini...
Corbyn accuses May of shameful attack on elderly
ENGLISH, United Kingdom

Corbyn accuses May of shameful attack on elderly

    Jeremy Corbyn is attacking the Tory manifesto proposals on social care, claiming Theresa May's nasty party has launched a shameful attack on older people. The shadow chancellor, John McDonnell, is also claiming the Conservative manifesto threatens the living standards of pensioners and working people. On Twitter, the Labour leader claimed: If you're a pensioner Theresa May is taking your vote for granted. She'll take away your winter fuel payment. Labour won't. And in a second tweet, he said: If you're a pensioner,Theresa May takes you for granted. She'll make you pay for visits from care workers if you own a home. Labour won't. But defending the social care proposals in her manifesto, the Prime Minister said her plans will ensure elderly people receive the dignified and h...
Chinese military planes intercept US aircraft
ENGLISH, Europe

Chinese military planes intercept US aircraft

    Two Chinese fighter jets intercepted an American military plane over the East China Sea, media in the United States reported Thursday, citing US officials. NBC News reported that the US aircraft, a WC-135 Constant Phoenix, was conducting a routine mission in international airspace Wednesday when it was intercepted over the East China Sea by two Chinese Sukhoi Su-30 fighter aircraft. The WC-135 is a so-called ‘sniffer plane’ designed to scan the atmosphere for signs of nuclear activity. NBC said the crew of the US plane described the encounter as unprofessional, although not necessarily dangerous. It said military officials insist the US plane was operating in accordance with international law. Officials told the US news network that the matter is being addressed with Beiji...
Secret plans to protect France in the event of Le Pen victory emerge
ENGLISH, United Kingdom

Secret plans to protect France in the event of Le Pen victory emerge

    It was never written down and never given a name, but France had a detailed plan to protect the Republic if far right leader Marine Le Pen was elected president, French media have reported. It was like a multi-stage rocket, an unnamed senior official told l’Obs magazine. The philosophy and the absolute imperative was to keep the peace, while also respecting our constitutional rules. News of the plan emerged as polls suggested support for the new centrist movement formed by Emmanuel Macron was growing ahead of parliamentary elections on 11 and 18 June. Macron defeated Le Pen in the presidential runoff. The survey showed his La République en Marche party on 32% of the vote, up six points since the 7 May election and pulling ahead of its centre-right Les Républicains rivals o...