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Theresa May is aiming for a "Hard Brexit." In a Sky News interview on Sunday, UK Prime Minister May said Brexit will be about "getting the right relationship" with the European Union and "not about keeping bits of membership." The British pound is at a three-month low, down 0.9% at 1.2173 versus the dollar.
Beppe - Grillo - Tune - Italy - Leader
Beppe Grillo is changing his tune in Italy. The leader of Italy's populist Five Star movement wants to end its euro-skeptic alliance with Britain's UKIP party and enter into a pro-EU alliance, AFP says.
China spent around $72 billion defending the yuan in December. While China's FX reserves fell by about $41 billion to $3.01 trillion, the amount of net capital outflows, and subsequent intervention from the PBOC, was nearly twice as much, Wei Li, China and Asia economist at Commonwealth Bank of Australia , wrote in a note to clients.
Goldman - Sachs - Risks - Goldman - Sachs
Goldman Sachs says there are 3 big risks for 2017. Goldman Sachs Chief Economist Jan Hatzius is optimistic for 2017,...
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