EUR/USD
1.14753
0.105%
Gold
4333.04
1.621%
Oil
96.596
-0.907%
USD/JPY
155.655
-0.397%
GBP/USD
1.33887
0.067%
GBP/JPY
208.409
-0.329%
Real-time News
On September 17th, UK government bond yields fell slightly ahead of the Bank of Englands interest rate decision. Investors expect rates to remain unchanged and will focus on the vote split and the Bank of Englands assessment of the second-order inflation effect. Data from the London Stock Exchange Group shows that the market only prices in a 19% probability of a rate hike on Thursday, but fully anticipates three 25 basis point rate hikes by March 2027. The Federal Reserve raised rates on Wednesday as widely expected. Warsh emphasized that inflation remains very high, increasing the prospect of further rate hikes by the Fed at future meetings. Tradeweb data shows that the 10-year UK bond yield fell 1.3 basis points to 5.282%.On September 17th, Commerzbank analyst Michael Pfister stated in a report that the Bank of England is likely to hold rates steady at its meetings on Thursday and subsequent days, refusing to raise interest rates, which would put the pound at risk of decline. He indicated that even if the Bank of England decides to raise rates this year, the markets current expectation of "more than four rate hikes by the end of next year" is unlikely to materialize. "Given the weak labor market, we still believe the Bank of England is more likely to disappoint market expectations than other central banks, therefore we maintain our expectation of a weaker pound."On September 17, local time, Ukrainian President Volodymyr Zelensky signed a presidential decree appointing Anton Kovalsky as acting Prosecutor General. The decree has been published on the website of the Ukrainian Presidential Palace. On September 14, Zelensky signed a presidential decree dismissing Kravchenko from his post as Prosecutor General. Previously, the Ukrainian National Anti-Corruption Service had launched an investigation into Kravchenko, and Kravchenko was implicated in related cases. Kovalsky will serve as the head of the Khmelnytskyi Regional Prosecutors Office from July 1, 2025.On September 17th, Kimi, the Dark Side of the Moon, announced the release of its financial industry solutions. According to the announcement, all users can install and experience nine financial skills and over 10 data source plugins at kimi.com. Professionals and developers can install and access data source plugins and financial skills through the Kimi Work desktop client and Kimi Code. Additionally, there is the Kimi Hosted Agents service for enterprises.On September 17th, ING stated that as India moves up the value chain into service sectors that are harder to automate, there are few signs that its outsourcing industry is being replaced by artificial intelligence. Economist Deepali Bhargava wrote that software services exports as a percentage of GDP have risen from 3.3% before the pandemic to approximately 5.2%. During the same period, business services, including finance, accounting, engineering, research, and analytics, more than doubled their share of GDP to 3.3%. This performance challenges concerns that generative AI could weaken one of Indias most important industries by automating traditional outsourcing work. According to ING data, India accounts for more than half of the global outsourcing industry, earning approximately $205 billion annually from software services exports and supporting about 5.8 million workers. Software and business services exports combined account for about 8.5% of GDP and are a significant source of foreign exchange.
