Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
Resignation and harsh words about the governments muddled thinking over the brexit negotiations. But what about the other side of the Negotiating Table . Is there clarity there . Until last week, Jonathan Faull was britains top man in the European Commission, who worked closely with the eus chief negotiator Michel Barnier hes been speaking to our Political Editor nick watt. Whats he been saying . Jonathan faull has been an eu lifer until retirement and he has put some questions over the uk Core Calculations for the brexit negotiations. As we were hearing, he has said he doesnt believe uk can buy Privileged Access to the Single Market. We reported a few months ago that senior whitehall officials were eyeing this idea because the uk cannot accept the Core Principles of the Single Market which is accepting Free Movement of people and the jurisdiction of the European Court ofjustice. WhatJonathan Faull is saying, you are either a member of the Single Market, in which case you accept its ru
Bbc news. The United Kingdom has formally served notice that it is leading the European Union. A letter, signed by theresa may, was handed to be president of the and council. The primus told mps she wa nted council. The primus told mps she wanted a smooth and orderly brexit. Ina wanted a smooth and orderly brexit. In a potential setback theresa may, Angela Merkel has warned that the terms of the divorce need to be settled before any talks on trade can begin. First we get a report on the day that article 50 was triggered. Some moments make us. This is one. The minute In Westminster, belfast, edinburgh and cardiff that the United Kingdom formally changed course. The article 50 process is now underway and in accordance with the wishes of the british people, the United Kingdom is leaving the European Union. This is an historic moment from which there can be no turning back. Probably our last ambassador inside the European Union handing over the letter at 12 25pm. The document that says we
Bbc news. The United Kingdom has formally served notice that it is leading the European Union. A letter, signed by theresa may, was handed to be president of the and council. The primus told mps she wa nted council. The primus told mps she wanted a smooth and orderly brexit. Ina wanted a smooth and orderly brexit. In a potential setback theresa may, Angela Merkel has warned that the terms of the divorce need to be settled before any talks on trade can begin. First we get a report on the day that article 50 was triggered. Some moments make us. This is one. The minute In Westminster, belfast, edinburgh and cardiff that the United Kingdom formally changed course. The article 50 process is now underway and in accordance with the wishes of the british people, the United Kingdom is leaving the European Union. This is an historic moment from which there can be no turning back. Probably our last ambassador inside the European Union handing over the letter at 12 25pm. The document that says we