Davis on Smexit, markets mull ECB, & more - with Jonathan Loynes
Juliette FosterOriginal Broadcast:
Share Radio Afternoon
The Government's appeal over the triggering of Article 50 has drawn to a close. After week of closely-watched legal sparring, it is now up to the Supreme Court as to whether May can pull the UK out of the EU without parliamentary approval. Brexit is not the dish of the day over on the continent, however - European investors are instead tucking in to yesterday's policy decision from the European Central Bank. Draghi announced a trim to his quantitative easing programme, insisting the move isn't a taper à la the Fed's 2013 wind down. Back then, markets balked at the idea that the QE taps were being turned off.
Are investors convinced this time is different? For this story and others shaping global markets today, Share Radio's Steve Clarke was joined in the studio by Jonathan Loynes, Chief Economist at Capital Economics.