Germany expects 1.0% drop in 2016 exports to UK post-Brexit vote

The German Chamber of Commerce DIHK released the assessment of the Brexit impact on the German economy.

Key Details:

Prior 2016 export estimate +5.0%

Sees -5.0% in 2017

26% of respondents polled plan to cut jobs in UK units

Jul 7, 2016

RBNZ: Housing risks require a broad policy response

The Reserve Bank of New Zealand’s (RBNZ) deputy governor Grant Spencer crossed the wires last minutes, speaking on the housing sector. Key Quotes: “

EUR/GBP tops at 0.8600 handle, retraces back to 0.8550

After making a fresh attempt to move back above 0.8600 handle, the EUR/GBP cross is seen retracing from higher levels to currently trade around mid-0.