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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Prior to the release of UK GDP and US PCE Inflation figures, the GBP/USD has found a temporary resting place near 1.1200

Daniel Rogers

Sep 30, 2022 10:53

 截屏2022-09-30 上午9.56.05.png

 

Price action for GBP/USD on Friday's Asian session has seen it range between 1.1160 to 1.1555 as buyers prepare for the first weekly advance in three weeks. As a result, the cable pair is benefiting from the general weakness of the US dollar and the ambiguous outlook on the US dollar before to the release of important data from the UK and the US.

 

In a recent interview, UK Trade Secretary Kemi Badenoch said that the chancellor and the Bank of England are "working well" together.

 

As a result, the GBP/USD exchange rate is supported by expectations of a robust rate hike cycle from the Bank of England, or "Old Lady."

 

As a counterpoint, the US Dollar Index (DXY) has remained in the red at around 111.90, snapping a two-week uptrend. By this metric, the Fed's recent strong rhetoric and the widespread recession fears in the face of lowering inflation expectations are not justified by the dollar's performance against the six major currencies. Important for dollar traders today is the August Core PCE Price Index, which is expected to be 4.7% YoY, the same as the previous reading.

 

Final readings of the UK's Gross Domestic Product (GDP) for the second quarter (Q2) are expected to corroborate initial forecasts of -0.1%, making them important to track.

 

If incoming data verifies the projections, the GBP/USD could pare recent gains, which would be appropriate given the optimistic inflation estimates and fears of a UK economic downturn.

 

A significant break above a two-week-old resistance line, now support around 1.1035, is needed to keep GBP/USD investors upbeat, as is a move above the 100-day exponential moving average (EMA) surrounding the 1.1200 level. When the RSI reaches the overbought area, it usually means that further gains will be capped.


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