British Pound (GBP) Latest: GBP/USD Extending Gains, UK Inflation Falls Sharply
GBP price, Brexit news and UK inflation:
UK inflation dropped by far more than expected year/year last month, with the month/month rate falling into negative territory.
However, that has had little impact on GBP/USD, which remains firm as it has all week.
The main driver of GBP remains the post-Brexit trade talks between the EU and the UK, with traders still broadly optimistic that a deal can be reached.
European Commission President Ursula von der Leyen boosted sentiment Wednesday with some optimistic comments.
Sentiment could still change quickly though as further headlines hit the wires suggesting the two sides are either coming closer or moving further apart.
Europe’s new legislative proposals mark a big ‘first move’ on tech-market power New Atlanticist by Eileen Kannengeiser and Jörn Fleck
REUTERS/Yves Herman
On December 15, the European Commission unveiled its long-anticipated legislative proposals the Digital Services Act (DSA) and Digital Markets Act (DMA) in a move that may further deepen transatlantic divides over digital commerce.
These proposals are intended to replace the EU’s existing legislation the e-Commerce Directive, which was adopted in 2000 with a vastly expanded new toolbox for digital-service regulation that seeks to improve online governance and promote digital market competition. The European Commission places additional responsibilities on large online platforms, raising important questions about the impact the draft legislation will have on transatlantic digital commerce, the European Union’s (EU) relationship with US Big Tech, and US-EU digital priorities under the
MFF
Today (Wednesday 16 Demcember), Members of the European Parliament are voting on a resolution on the outcome of last week s European Council summit on the Multiannual Financial Framework 2021-2027 (MFF), the InterInstitutional Agreement, the EU Recovery Instrument and the Rule of Law Regulation. Today s vote comes after agreements in the European Council last week and negotiations between the Parliament and Council last month.
Ska Keller MEP, President of the Greens/EFA group in the European Parliament, comments:
It s good to see at the 11th hour the Council give its support to the Recovery Fund, MFF and climate targets; the economies hit hardest and the climate simply couldn t wait any longer. But there have been some worrying trends. There s been a sad show of destruction by the governments of Hungary and Poland who wanted to hold the recovery fund hostage for their anti-democratic agenda. In light of such blackmail we all need to stand strong and united. The Commis
Seed industry in new push to deregulate GMOs Details
Italy and France are in the lobbyists crosshairs
A small but powerful minority of seed and agriculture industry lobby groups continue to push for the deregulation of old and new GMOs (New Breeding Techniques or NBTs), both at European level and in the Member States, reports the peasant farmer network European Coordination Via Campesina (ECVC).
ECVC member organisations in Italy and France have denounced the attempts to introduce GMOs by trying to change the Italian legislation on seed marketing without any public debate – and by refusing to apply European regulations on GMOs in France.
Pakistan using European Members of Parliament against India
Sun Online Desk
15th December, 2020 10:28:53
Pakistan has consistently attempted to manipulate European parliamentarians to issue resolutions against India, disrupt global democracy, and silence any criticism of Pakistan itself. Two prominent personalities have been at the job on Pakistan’s behalf. Now-disgraced UK Lord Nazir Ahmed used his influence to allow Pakistani secret services to infiltrate the corridors of Whitehall, and the UK government a task that is now likely to have been given to Chaudhary Perveiz Iqbal Losar, chairman of the EU-Pak Friendship Federation Europe.
When you read the reports of the European Union’s External Action Service (EEAS) and those of the European Commission, especially the Trade Commission, you cannot help but question the intimacy between the European Union and Pakistani nationals in the United Kingdom, including the now disgraced Nazir Ahmed, who has resigned from the UK’s Hous