Passengers flying into Gatwick airport were in a state of panic after an attention seeking youtube prankster / click baiter made letters saying “welcome to Luton” on the grass near Gatwick airport! Air passengers flying into Gatwick were left thinking that they have been diverted to London Luton Airport”. It was even reported in the Daily Mail, the Daily Telegraph, etc.
Youtube Prankster Tricks London Gatwick Airport Passengers into Thinking They Were Landing at London Luton Airport!
Trade wars between US and China continues
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US and China tensions continues to grab the headlines, despite disappointing US jobs data Friday.
The US created 103k jobs in March, a far cry from the expected 188k, with unemployment remaining at 4.1%. Emerging markets have recovered slightly, with the rand hugging 12/$. President Trump called China’s bluff over the weekend, threatening another $100bn in tariffs.
This week is relatively light on data, with US CPI on Wednesday the highlight. Look for US CPI at 2.4%, with emerging markets likely to take a knock if this is the case. Locally, we’ll be eyeing public sector wage negotiations, with Union demanding CPI + 3%. It will be interesting to see how President Ramaphosa handles this hot potato. Have a great week folks.
Today’s Rate
USD/ZAR 12.0409
GBP/ZAR 16.9866
EUR/ZAR 14.7793
ZAR/JPY 8.8940
CNY/ZAR 1.9080
AUD/ZAR 9.2384
CHF/ZA
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Tit for tat:- Tariff increase of Chinese import products
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Following China’s 15% tariff on US products, ‘Merica hit back yesterday laying out plans to impose a 25% tariff on Chinese import products.
The tariff could see more than 1300 Chinese imports being effected totalling more than $50 billion. In response, China said it plans to implement the same trade measures against the US.
The result could see higher US product prices which will lead to the Fed hiking rates more aggressively in the coming years (not good news for the rand). On the calendar today, EU inflation figures are out at 11h00.
Today’s Rate
USD/ZAR 11.8541
GBP/ZAR 16.6787
EUR/ZAR 14.5459
ZAR/JPY 8.9999
CNY/ZAR 1.8817
AUD/ZAR 9.1162
CHF/ZAR 12.3621
AED/ZAR 3.2267
SGD/ZAR 9.0281
NOK/ZAR 1.5115
EUR/USD 1.2269
GBP/USD 1.4067
GBP/EUR 1.1465
All rates quoted are the interbank rates at time of publishing and shown fo
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