NAB revises forecasts as trade tensions rise, Pound pummelled, Salvini fires election salvo
Monday 12th August 2019 The US President hinted that a resumption of trade talks with China wasn’t a done deal, adding uncertainty in an already shaky market. Phil Dobbie talks to NAB’s Rodrigo Catril about the impact this could have, including NAB’s revised expectations for the Aussie dollar. They also discuss the state of the UK economy, which saw GDP unexpectedly fall 0.2% last quarter; the mixed messages from Canada’s employment data on Friday; and the political uncertainty that’s driving investors away from Italian bonds. It’s a quiet start to the week data wise, but politics is bound to throw something up.