EUR/USD 1.13865
0.150%
Gold 4071.52
1.116%
Oil 69.386
-2.717%
USD/JPY 161.751
-0.028%
GBP/USD 1.31980
0.059%
GBP/JPY 213.482
0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The National Highway Traffic Safety Administration (NHTSA) has completed its engineering analysis (EA) of steering loss issues in approximately 376,241 Tesla Model 3 and Model Y vehicles in the United States.June 27 - According to the website of the China Maritime Safety Administration, the Yancheng Maritime Safety Administration issued a navigation warning that live-fire exercises will be conducted in parts of the southern Yellow Sea from 00:00 on June 28 to 24:00 on July 8, and entry is prohibited.Market news: The lockdown on Norways oil services industry has officially taken effect, impacting offshore drilling.On June 27th, the National Pipeline Group held a hydrogen energy storage and transportation technology exchange meeting in Beijing on June 26th. The meeting officially released technical solutions and complete sets of standards for hydrogen pipeline transportation projects, establishing a complete technical specification and standard system for the connection, storage, transportation, and delivery of hydrogen pipelines. This fills the gap in my countrys long-distance, large-scale hydrogen pipeline transportation technology and standards, marking a key leap from single-point technical breakthroughs to systematic application of hydrogen long-distance pipelines in my country.On June 27th, following two strong earthquakes in Venezuela, Oil and Gas Minister Paula Enau stated on June 26th that oil production was unaffected. In a media interview, Enau said that Venezuelas current daily crude oil production is 1.2 million barrels, and the government has assessed domestic inventory levels, ensuring a secure supply of natural gas and fuels. "We are operating normally; all oil wells are operational and producing." Reportedly, Venezuelan oil company management and oilfield workers indicated that oil and gas facilities were not severely affected. Earlier reports suggested that preliminary assessments indicated limited damage to Venezuelas large oil and gas facilities due to their distance from earthquake-affected cities; however, power shortages could impact oil production capacity.

Focus shifts to UK Inflation as EUR/GBP nears a 16-month high of 0.8720

Daniel Rogers

Sep 09, 2022 17:37

 截屏2022-09-09 上午11.13.25.png

 

If the EUR/GBP pair is able to surpass Thursday's high of 0.8712, it will attempt to extend its two-day winning streak. The asset is finally seeking to recapture a 16-month high at 0.8720 as a result of the European Central Bank's (ECB) historic rate hike. After a brief break around 0.8600, the cross has been climbing gradually for the past two weeks on a larger scale.

 

Christine Lagarde, president of the European Central Bank, prioritized taming the hot inflation over growth prospects by announcing a significant 75-basis-point rate increase (bps). There will likely be more rises once the interest rate was raised to 1.25 percent. The central bank won't keep raising key interest rates in the future and will instead continue to emphasize data more.

 

Inflation forecasts have also been made public by the central bank, and they estimate that it will average 8.1% in 2022, 5.5% in 2023, and 2.3% in 2024. The European Central Bank (ECB) attributed the escalating pricing pressures to supply chain restrictions, increasing energy and food prices, and other factors.

 

Inflation in the United Kingdom is double digits, and long-term growth prospects are bleak. In an effort to boost consumer confidence, Liz Truss, the country's next prime minister, has proposed a cap on energy prices to shield homeowners from the approaching winter. The demand for energy rises throughout the winter due to an increase in the use of electric heaters and appliances.

 

According to the new cabinet's energy bill cap, the average home will pay no more than £2,500 in annual energy costs.

 

The UK inflation rate will continue to be a focus in the future. The Consumer Price Index (CPI) previously hit 10.1%. Since energy prices in August have remained hopeful, it is expected that the economic statistics will pick up speed.


Suggestion