EUR/USD
1.17224
0.009%
Gold
4330.68
-0.048%
Oil
55.777
-0.165%
USD/JPY
155.673
0.077%
GBP/USD
1.33790
-0.018%
GBP/JPY
208.281
0.074%
Real-time News
On December 19th, Goldman Sachs predicted that the Bank of England will cut interest rates three times in 2026. Previously, the bank had predicted cuts in February, April, and July; it has now revised its forecast to March, June, and September. Goldman Sachs pointed out that slowing hiring, rising unemployment risks, and easing wage pressures are the main reasons supporting rate cuts. Although the market is currently pricing in a relatively moderate pace of rate cuts, if data confirms weakening economic activity and anchored inflation expectations, the Bank of Englands rate cuts could be more aggressive than investors anticipate. For the market, a deeper easing cycle could put pressure on the pound while supporting UK risk assets.SK Hynixs gains widened to 2.5% in early trading.The Society of Motor Manufacturers and Traders (SMMT) reported that UK car production fell 14.3% year-on-year in November, with 65,932 passenger and commercial vehicles produced.The UKs GfK consumer confidence index for December was -17, compared to a forecast of -18 and a previous reading of -19.On December 19th, a macro research report from Guolian Minsheng stated that while the November CPI data is unlikely to change the Feds decision to postpone interest rate cuts in January, it will undoubtedly increase dovish voices within the Fed. If the December data continues the current slow upward trend, it may prompt the Fed to re-examine its interest rate cut path next year. The combination of "economic slowdown + low inflation" will help the Fed make more rate cut decisions than the midpoint of the December dot plot (only one rate cut in 2026). However, everything will depend on the release of the "clean" December data.