Greenland crisis ripples across markets

Currency markets were rocked on Monday by Donald Trump’s plan to slap tariffs on Nato members supporting sovereignty for Greenland amid the ongoing crisis. Stock markets were strained in Asia and Europe, safe-haven assets including gold and the Swiss franc...


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Greenland issue adds risks for sterling

Greenland issue adds risks for sterling

The gloves are off in the latest threat to global peace and security – that’s his words – as on Saturday President Trump ramped up the pressure on Denmark, Europe and NATO to hand over Greenland to the USA. His new trade war on European countries including the UK,...


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USD: Will dollar gain from more global tension?

Early signs are that the dollar is sinking against most global and European currencies this morning. The normal pattern in times of economic or actual strife would be investors flocking to safe havens such as USD, but these are not normal times. (The gold price has...


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EUR: A busy week for Europe

It’s still hard to gauge the effect on the euro of the news over the weekend, but the dials certainly seem to be twitching. Also today, we’ll get eurozone inflation shortly, and the ZEW Economic Sentiment Index tomorrow. It will also be interesting to hear ECB...


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GBP: Pound looks vulnerable to Greenland tariffs

Early trading suggests sterling exchange rates are particularly vulnerable to the effects of President Trump’s threatened new round of tariffs. This was already a pivotal week for the pound, with a host of high-level data starting with unemployment and earnings early...


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