EUR/USD
1.19322
-0.321%
Gold
5159.14
-4.041%
Oil
64.113
-1.730%
USD/JPY
153.780
0.440%
GBP/USD
1.37627
-0.337%
GBP/JPY
211.650
0.111%
Real-time News
On January 30th, it was reported that Bank of England Governor Bailey, who had been warning for months that British businesses might begin laying off staff, is now seeing this trend unfold within his own institution as the bank embarks on a comprehensive restructuring driven by cost-cutting measures. The plan begins with the central bank inviting staff to voluntarily leave. Currently, to achieve its target of cutting operating costs by 8% in the next fiscal year, the bank is considering a range of measures, from relocating staff to northern England to selling the sports club used for the Wimbledon tennis tournament. According to sources, under this far-reaching plan, the Bank of England will also restructure its research department, pilot the use of artificial intelligence, and scale back its work on climate change resilience. Furthermore, the bank plans to move its banking regulator out of its Mooreman offices in the City of London by 2028 and place a larger proportion of its staff outside the capital. Elsewhere, the Bank of England is piloting artificial intelligence in several business areas and has scaled back stress tests on the banking sector. Against the backdrop of other growing threats, the bank has shelved plans for regular reviews of climate risks.On January 30th, at a press conference held by the Ministry of Finance, Zheng Yong, Deputy Director of the Treasury Department of the Ministry of Finance, introduced that the national general public budget revenue in 2025 will be 21.6 trillion yuan, a decrease of 1.7% compared with 2024. Among them, tax revenue increased by 0.8%, showing a steady upward trend throughout the year, reflecting the continued steady and progressive development of my countrys economy; non-tax revenue decreased by 11.3%, mainly due to the increased base caused by the one-time special revenue turned over by central units in 2024.On January 30th, Kristina Clifton, Senior Economist and Senior Currency Strategist at the Commonwealth Bank of Australia, stated that the US dollar did indeed appear to rise on this news, which she believes is because the market generally perceives Warsh to be slightly less dovish than another candidate, Hassett. Therefore, todays market fluctuations are merely minor fluctuations based on this, and Warsh may be better positioned to uphold the Feds independence than some other candidates. "We havent heard much from him yet, but he has made some comments that essentially express a desire for strict adherence to the Feds responsibility to control inflation. He has also served as a Fed governor and does not support quantitative easing, so this may again indicate that he is slightly more hawkish than some other potential candidates."Indonesian financial regulators say they will appoint a director of the Indonesian Stock Exchange as interim CEO next Monday.Germanys export price index fell 0.1% month-on-month in December, compared with 0.2% in the previous month.
