EUR/USD 1.16905
-0.253%
Gold 4612.07
-1.488%
Oil 97.502
2.719%
USD/JPY 159.539
0.077%
GBP/USD 1.34916
-0.307%
GBP/JPY 215.248
-0.227%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Hong Kong Stock Exchange filings, Goldman Sachs increased its long position in Bilibili (09626.HK) from 5.63% to 6.11% on April 22, 2026.On April 28, Iranian Foreign Ministry spokesman Baghae condemned the EU sanctions against Iran on the evening of April 27, calling them "inhumane" sanctions aimed at trampling on the basic rights of ordinary Iranians. Baghae stated on social media that the EUs "outdated moralizing" would not win any reputation for the EU and its member states on the international stage, but would only further expose the double standards and hypocrisy of the European ruling class, accelerating Europes marginalization in international affairs and plunging it into an even more embarrassing situation. European Commission President Ursula von der Leyen stated on April 27 that it was impossible to lift sanctions against Iran at this stage. EU High Representative for Foreign Affairs and Security Policy Karas previously stated that EU member states had agreed to expand the scope of sanctions against Iran, including those responsible for obstructing navigation in the Strait of Hormuz.Futures News, April 28th: Greige Fabric Inventory: On April 28th, greige fabric weaving inventory was approximately 32.7 days. The industry generally maintains a cautious approach to greige fabric inventory control, and due to volatile raw material prices, purchases are proceeding cautiously, resulting in a continued decline in greige fabric inventory. Both domestic and international trade orders are weak, and factories are currently primarily focused on fulfilling previous orders, hence the operating rate this week dropped to 61.8%. Greige Fabric/Material Trading: According to data monitoring and analysis from 350 price-collecting units, the Ministry of Commerces China•Shengze Silk and Chemical Fiber Index continued to rise on April 28th, with the chemical fiber fabric price index closing at 101.63 points, an increase of 0.03 points compared to the previous trading day.Italys PPI rose 4.4% year-on-year in March, compared with a previous reading of -3.70%.Italys PPI rose 5.9% month-on-month in March, compared with a previous reading of -0.80%.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

 EUR:GBP.png

 

The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


Suggestion