- EUR/GBP is declining with the euro struggle after Trump threatened additional definitions in response to revenge measures against the European Union against the United States.
- Caution for the investor continues with Brantner’s failure of the Greens Party to commit to supporting Germany’s plans to increase borrowing.
- The UK housing price balance decreased to 11 % in February, which represents its second decrease in a row.
EUR/GBP continues its losing plan for the second consecutive day, and was trading near 0.8390 during the European hours on Thursday. The currency cross is still under pressure, as the euro (EUR) is still struggling with the deterioration of the market morale in the wake of the additional tariff threats by President Donald Trump in response to measures of revenge against the European Union against the United States (the United States).
Caution continues for the investor as Germany’s plans to increase the state borrowing new obstacles. On Wednesday, Franzeska Barnner, the co -commander of the Greens Party, refrained from adhering to a deal, while the left left party presented another legal challenge.
Meanwhile, Friedrich Mirz, who holds the election to implement debt reforms, is pressing a 500 billion euros ($ 545 billion) infrastructure fund (545 billion dollars) before dissolving the current parliament. However, the success of these initiatives depends on securing support from vegetables and overcoming possible legal challenges, according to Reuters.
In addition to concerns, the European Policy maker of the Central Bank (ECB) and bank president Bundansbans Joachim Nagil have warned in an interview with BBC on Thursday the US trade tariffs on the European Union can push Germany to recession this year.
UK Prime Minister Kiir Starmer remains optimistic that Britain can avoid US tariffs on steel and aluminum, and defends a “practical approach” in negotiations while maintaining all options open. Unlike the European Union, which quickly took revenge against the definitions, the UK reaffirmed its commitment to discussions with Washington.
Meanwhile, a 10 -year -old school return in the UK has increased to 4.68 %, the highest level in two months, as expectations launched that the BOE Bank would maintain the high interest rates for a long time. Traders now expect to reduce the average rate of 52 basis points (BPS) in 2025, where they expanded the scope of previous expectations to reduce more aggressive. Investors will closely see the monthly GDP data on Friday in the United Kingdom for January, which may provide more ideas about the economic expectations of the country.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.