At 6.8% in the year to November, US inflation is as high as it has ever been for almost 40 years. That should be enough of a warning for the Bank of England as those with longer memories will know that what happens in the USA subsequently reaches the UK. Positively that roll call of US innovations includes the domestic electric refrigerator which was a novelty to most UK households when they arrived in the early 1960’s.
Less positively that US inflation back in the early 1980’s tore through the economies of both the USA and the UK before it was brought under control.
GBP/USD 1.3260.
When Amazon Web Services went down last week it did not only affect Amazon type services like Alexa and Ring but also the following : Netflix, Tinder, Disney+, Roku, Sweetgreen and McDonalds. Such is our connected world these days. Thankfully all now reconnected…until the next time!
That’s what McDonalds are being accused of in the wake of their launching the first net zero carbon UK restaurant in Market Drayton, Shropshire. Powered by solar panels plus wind turbines, insulated with British sheep’s wool, clad with recycled IT equipment and assisted by carbon offsets, McDonalds are throwing the eco kitchen sink at this demonstration of their right on 2021 credentials. Hence those green cynics.
Air quality or rather a lack of air quality in Delhi is routinely ranked as being at or near the top of the table when it comes to pollution. Levels of PM 2.5 which are the tiny particles that damage the lungs, kill 1 million people annually in India and Delhi is the worst offender of India’s 22 most polluted cities. However what is a shock is that indoor pollution across a wide selection of offices and homes in Delhi in all socio economic classes has been measured in November this year as being worse than external air quality. This study has been carried out by EPIC-the Energy Policy Institute at the University of Chicago which estimates that 7 million die of poor air quality globally each year which is more than the number that die of smoking. USD/INR at 75.61 the low of the year.
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Texas, USA The third largest citrus state in the USA after California and Florida is Texas. Currently the citrus crop is under threat in Texas due to chronic water shortages owing to a long running dispute with Mexico over delivery under a 1944 treaty whereby Mexico is supposed to deliver “1.75 million acre feet of […]
Parity As we brought to you earlier this week, there is an increasing chatter in the market about whether EURUSD has the momentum to challenge parity once again. At face value, of course, this would create a meaningful value change in the world’s foremost currency pair which has already seen a significant exodus of value […]
US Dollar Surging on a strong US economy together with further geopolitical tensions in the past week, USD is at its strongest versus EUR this year and came within a whisker of breaking through 1.06 in yesterday’s trading. Against the Japanese Yen USD was 154.55 which caused Japanese Finance Minister Shunichi Suzuki to break cover […]