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The pound is surging to a 7-month high after Boris Johnson secured a Brexit deal with the EU

The pound shot up as much as 1.3% in morning trading in London.

The pound is posting its biggest 2-day surge since since 2008 on Brexit deal hopes

The pound pushed up 1.3% against the dollar and 1% against the euro on Friday.
The WTO gave Trump a huge win this week, after its record ruling on tariffs.

The EU signaled it won’t retaliate after Trump said he’d slap Europe with $7.5 billion in tariffs

The EU says negotiation is a "preferred approach," the Wall Street Journal reported. It's a sign Europe wants to avoid a full-blown trade war with the US.
Donald Trump and European Commission President Jean-Claude Juncker.

The US will reportedly slap $7.5 billion worth of tariffs on European imports

Earlier Wednesday, the WTO reached a historic ruling that authorized the US to impose punitive tariffs on $7.5 billion worth of European products.

Trump wins biggest-ever WTO ruling, opening the door for $7.5 billion of tariffs on Europe

Trump had been looking to hit the EU with tariffs on aircraft parts and luxury goods due to a dispute that subsidies were given to Airbus and Boeing.
Europe's economy is struggling.

Confidence in Europe’s economy hits a 4-year low amid fears about Brexit and Trump’s trade war

"The drop in the ESI, from 103.1 in August to 101.7 in September, marked a resumption of the steady decline in the index since the start of 2018."
Airbus CEO Guillaume Faury has hit back at the tariffs.

The CEO of Airbus warns that Trump’s trade war with Europe is a ‘lose-lose game’ for both sides

The comments come as the EU reportedly weighed a $4 billion tariff hike on the US over a decades-long standoff between Boeing and Airbus.
Donald Trump and European Commission President Jean-Claude Juncker.

The EU is reportedly considering tariffs on $4 billion worth of US products

The EU proposal has not yet been officially agreed to, according to Bloomberg, and faced opposition from at least one member of the bloc.
Manufacturing sentiment is taking a hit from Brexit and the US-China trade war.

Germany is ‘firmly in contraction territory’ after manufacturing sentiment fell to a crisis-era low

"The economy is limping towards the final quarter of the year, and, on its current trajectory, might not see any growth before the end of 2019."