By BAGEHOT THE deformation professionnelle of the British establishment is its habit of rewarding failure: mess things up, get a promotion. The Brexit referendum provided a particularly dispiriting case study of this. Remain was repeatedly out-thought and out-manoeuvred by Leave: there’s no doubt where the brainpower lay. But the leaders of this fiasco were duly…
By BAGEHOT DAMN her eyes! I took over as Bagehot only the other day, on April Fools’ Day, having not focused on British politics since 1993. I was gently easing myself into my new job—getting my parliamentary pass, having lunch with MPs who happened to have been at Oxford with me, planning a trip out…
By J.C. | BERLIN LO, BREXIT is under way. And I have effected my own exit: having penned my last Bagehot column I now turn to Germany and its neighbourhood as The Economist’s new bureau chief in Berlin. That outgoing column conveys some thoughts about Britain’s troubled present. So now, in my final post on…
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AUD/JPY gains ground on encouraging Chinese PMI data. Japanese Yen struggles after the expansion in Chinese manufacturing activity. RBA Meeting Minutes will be released on Tuesday to offer insights into the central bank’s future policy direction. AUD/JPY appreciates to near 98.80 during the European session on Monday, potentially supported by positive Chinese Purchasing Managers Index…
Silver gains positive traction for the third straight day and climbs to over a one-week high. Mixed oscillators on the daily chart warrant some caution for aggressive bullish traders. Weakness below the $25.00 mark is more likely to get bought into and remain limited. Silver (XAG/USD) builds on last week’s bounce from the $24.35 resistance-turned-support…
Gold price advances to a fresh record peak amid rising bets for a June Fed rate cut. The risk-on mood and a modest USD uptick do little to hinder the strong move up. The overbought RSI on the daily chart warrants some caution for aggressive bulls. Gold price (XAU/USD) sticks to its strong intraday gains…
Gold prices rose in India on Monday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 68,778 Indian Rupees (INR) per 10 grams, up INR 2,032 compared with the INR 66,746 it cost on Friday. As for futures contracts, Gold prices increased to INR 68,769 per 10 gms from INR 67,701…
Manchester City has emerged as one of the biggest clubs in the world, thanks to their success in the past five years. The club has bagged four Premier League titles, one Champions League, and multiple other cups during this tenure. Fans have firmly stood behind their team during this time, with the team’s home stadium…
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