EUR/USD
1.15667
0.020%
Gold
4009.82
-0.360%
Oil
60.202
0.135%
USD/JPY
154.115
-0.023%
GBP/USD
1.31312
-0.142%
GBP/JPY
202.376
-0.150%
Real-time News
Market news: Ukraine is urging the EU to raise tariffs on Russian imports.A European Commission spokesperson said that if negotiations fail, the EU will weigh measures to stop the export ban on Ukraine.A spokesperson for the European Commission said the Commission will hold talks with Poland, Hungary and Slovakia on trade issues.A spokesperson for the European Commission stated that the EU sees no reason to extend the export ban on food products from Ukraine and is seeking to lift the ban.On October 31st, following the European Central Banks decision to keep interest rates unchanged on Thursday, Barclays and Bank of America revised their forecasts, no longer expecting the ECB to cut rates at its December meeting. The ECB has kept rates at 2% for the third consecutive meeting, stating that current policy is in a "good position" as economic risks have subsided and the Eurozone has demonstrated continued resilience amid uncertainty. Previously, both institutions had predicted a 25 basis point rate cut at the December policy meeting. Barclays expects the ECB to keep rates unchanged until the end of 2026, while Bank of America predicts a 25 basis point rate cut next March. Barclays noted, "The ECB has given little, if any, clear signal about how long its current policy stance will last." Meanwhile, institutions such as Goldman Sachs and UBS reiterated their expectation that the ECB will keep rates unchanged for the foreseeable future.
