EUR/USD 1.14252
0.121%
Gold 4081.97
-0.581%
Oil 73.805
2.491%
USD/JPY 162.525
0.269%
GBP/USD 1.33992
0.305%
GBP/JPY 217.775
0.591%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 9th - Nick Timiraos, a well-known mouthpiece for the Federal Reserve, stated that even the most hawkish Fed officials did not actively push for action in June. According to the meeting minutes, some participants believed a rate hike was necessary at the June meeting, but supported maintaining the status quo. This suggests that the disagreement in the forecasts was more about how future trends might develop than what measures should be taken now.Market news: British Prime Minister Starmer said he will continue to communicate with Trump even after stepping down as Prime Minister.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $50.626 billion in 5-year U.S. Treasury securities maturing on June 30, 2031, slightly lower than the $50.847 billion in the previous month. Foreign investors purchased $8.865 billion in 5-year U.S. Treasury securities maturing on June 30, 2031, slightly lower than the $8.946 billion in the previous month.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $31.559 billion in 7-year U.S. Treasury securities maturing on June 30, 2033, down from $32.925 billion in the previous month. Foreign investors purchased $5.864 billion in 7-year U.S. Treasury securities maturing on June 30, 2033, up from $5.651 billion in the previous month.The U.S. Treasury Department reported that in the latest bi-weekly reporting period, investment funds purchased $53.459 billion in 2-year U.S. Treasury securities maturing on June 30, 2038, up from $48.203 billion in the previous month. Foreign investors purchased $6.942 billion in 2-year U.S. Treasury securities maturing on June 30, 2038, down from $9.923 billion in the previous month.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

 截屏2022-08-05 上午9.48.51.png

 

Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


Suggestion