EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Treasury Secretary Bessenter: Private companies are expected to enter Venezuela rapidly, and the U.S. Export-Import Bank will play a role.US Treasury Secretary Bessenter: I will meet with the International Monetary Fund and the World Bank next week to discuss resuming cooperation with Venezuela.U.S. Treasury Secretary Bessenter: The United States is willing to convert Venezuelas IMF Special Drawing Rights into dollars to help with reconstruction.U.S. Treasury Secretary Bessenter indicated that the U.S. may lift more sanctions against Venezuela next week.On January 11, the National Healthcare Security Administration issued a notice to launch a pilot program for the construction of a "Personal Medical Insurance Cloud." From February to December this year, pilot projects will be conducted in selected regions to explore a new model of smart medical insurance management covering the entire population, the entire life cycle, and all scenarios. The National Healthcare Security Administration requires pilot regions to build provincial (municipal) personal medical insurance clouds based on the national unified medical insurance information platform. This includes comprehensively aggregating core data from designated medical institutions within the region, such as diagnosis, settlement, and drug and consumable usage. The program will also focus on connecting and processing data from wearable devices, home smart monitoring devices, and health checkup institutions, promoting the effective integration of in-hospital medical settlement data with out-of-hospital health sensor data.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

 截屏2022-08-05 上午9.48.51.png

 

Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


Suggestion