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The pound remains close to 31 year lows against the dollar, but recovered against a weaker Euro. The UK tested the 7,000 level but could not break through it, ending the week marginally lower.
It looks like we all may have to work for longer, Germany central bank is suggesting increasing it’s pension age to 69 by 2030 as the current plans to raise it to 67 in the same timescale aren’t enough, they say, for the state to be able to support it’s commitment. Angela Merkel is currently not looking to take their advice. It’s likely, however, that Philip Hammond may at least look at similar measures in the UK, having deferred, but not cancelled, the Tories desire to balance the books over the long term. (Source: Forbes)
In recent weeks business bosses have been selling more stock in their businesses than they have bought, this could be profit taking, but some analysts think this is another leading indicator of some selling to come, and the impact of bond yields falling having pushed investment into the stock market falsely raising prices. It’s definitely a reversal of the immediate post-Brexit behaviour. (Source: FT)
Trademarking Common Words
Supersavers have received initial approval to trademarking ‘Should’ve’ as a single word, it’s a part of their current advertising strap-line. There is some precedent for single work trademarks, for example, Carlsberg trademarked ‘Probably’. The moves to seeking to protect words in common usage is one for the courts and trademark lawyers to work out, but it’s fair to say that those doing the arguing may have a vested interest in a particular outcome. For Businesses it’s possible that elements of their marketing could become obsolete unexpectedly, and if you rely on a phrase, particularly very short ones, it may be worth considering trademarking it if it is a critical part of how you are known. (Source: Guardian)