EUR/USD
1.14056
0.318%
Gold
4086.88
0.820%
Oil
83.561
-5.628%
USD/JPY
163.565
-0.173%
GBP/USD
1.33532
0.243%
GBP/JPY
218.416
0.070%
Real-time News
July 27 – According to The Hill, U.S. Senator Bill Cassidy said on Sunday that it “seems unlikely” for Trump to end the war with Iran quickly, and suggested that Trump seek a path to peace from Congress. Cassidy stated, “I do think we need a more comprehensive national discussion about how to move forward. If the president can end this conflict quickly—which seems unlikely, but they still seem to be assuring us that it can be done. Well, that’s fine too.” Cassidy has consistently criticized Trump’s handling of the war, particularly its impact on the cost of living. In May, after failing to retain his Senate seat, Cassidy became one of four Republican senators supporting a war powers resolution that calls for Trump to withdraw U.S. troops deployed in Iran.July 27th - Economists predict that the Bank of England will take a hawkish stance at its meeting this week, but will keep interest rates unchanged, amid renewed Middle East conflict and soaring energy prices. Since the Monetary Policy Committees last meeting in June, the breakdown of the US-Iran ceasefire agreement has pushed global oil prices back to around $100 per barrel, and European natural gas prices have surged to their highest level since the beginning of the conflict. Oil prices could rise further if shipping routes in the Gulf region continue to be disrupted. The UK economy performed better than the Monetary Policy Committees expectations at the beginning of the conflict, with GDP growing by 0.7% in the three months to May. Currently, there are few signs that the energy shock will trigger more persistent price pressures. The CPI has been below expectations for three consecutive months, falling to 2.6% in June. Wage growth, a major source of inflationary pressure, has slowed, and food price increases have also declined. Economists say this will allow the Monetary Policy Committee to keep interest rates at 3.75% at Thursdays meeting, while signaling that the committee is prepared to tighten policy if energy prices rise sharply further, or if a one-off price shock begins to evolve into a more persistent problem.Indonesian Cabinet Secretary: Calls on market participants to remain calm during the transition led by the Central Bank of Indonesia.Japans leading economic indicators rose 0.4% month-on-month in May, down from 0.7% in the previous month.Japans May coincident indicator final reading was 117.9, compared to 118.5 in the previous month.
