India's monetary credibility took a hit following the government's decision to remove large denomination notes from circulation one month ago. Prices in the country have reportedly collapsed and consumer sales fell by as much as 30% in November. Now, rating agency Fitch has cut its growth forecast for the country from 7.4% to 6.9% and some economists believe the damage could be even worse. Robert Van Egghen reports.
Chancellor Philip Hammond is to release his maiden Autumn statement, in the second of two big economic statements made by the government every year. What key words or statements might move the pound? To offer an insight, Simon Smith, Director and Head of Research at FxPro, joined Share Radio Breakfast.
The Bank of Japan left its monetary policy unchanged Tuesday but downgraded its view of the economy. Sarah Lowther discusses the decision and outlook with Seijiro Takeshita, Professor of Management and Information at University of Shizuoka, Japan
Simon Smith, Director and Head of Research at FX Pro, joins Share Radio to talk about the latest in the foreign exchange market. Sterling is still at lows against the dollar, so what is causing this? Simon also looks at safe havens, which are soaring, and discusses China ahead of the G20 Summit. Also, can you spot Simon's five hidden Bob Marley song references.
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