WillU FX Market Update 29.12.2021 - WillU FX

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    WillU FX Market Update 29.12.2021

    UK Households could face a testing year in 2022, as Energy prices, inflation and national insurance contributions increase. UK inflation is continuing to rise with it set to peak in the Spring at 6% according to some forecasts, meaning income becomes more stagnate – If you include the energy price cap going up and the Nation Insurance contributions rising by 1.25 percentage points in April, UK households could be facing a squeeze on their income in the year ahead.

    NATO and Russia have agreed to hold security talks in January, as pressure mounts over Ukraine. As the US are hoping talks will remove an invasion threat by addressing the Russian military build-up on the Ukrainian border, the Russian officials will be wanting clarification on NATO’s expansion east and removing Ukraine from any admission to the alliance.

    German banking giant Deutsche Bank have been fined nearly €9 million by the German finance regulator in relation to euro interbank offered rate (EURIBOR). The German bank have accepted their fine and already taking steps to improve their internal controls, with the regulation in place to prevent manipulation.

    Share Index Prev. Close Open
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