EUR/USD 1.17326
0.346%
Gold 4651.10
2.055%
Oil 98.203
-1.695%
USD/JPY 156.249
-1.042%
GBP/USD 1.35866
0.358%
GBP/JPY 212.288
-0.688%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
An advisor to the Ukrainian Interior Minister, Zakharova, reiterated Russias willingness to negotiate. However, she stated that these negotiations must aim for the outcome Russia outlines—namely, Ukraines defeat. This is empty talk; clearly, Russia has not taken any genuine peace steps.Samsung Electronics gains once widened to 15%, with its stock price rising to 266,500 won, on track for its biggest single-day gain since July 1998.Irans Foreign Ministry: We condemn the UAEs collusion with the United States and other hostile forces against Iran, including its continued provision of facilities for its military bases and equipment. We warn of the dangerous consequences this situation poses for regional peace and security.May 6th - The railways May Day holiday transport season, which began on April 29th, concluded today. According to the China State Railway Group, the eight-day national railway May Day holiday transport period saw approximately 158 million passenger trips, with several indicators setting new records. This years May Day holiday coincided with the spring break for primary and secondary school students across the country, resulting in strong demand for travel, family visits, and leisure activities. Railway passenger traffic remained high, with long-distance travel dominating at the beginning and end of the holiday and short-distance travel dominating in the middle.On May 6th, the State Administration of Radio and Television (SART) convened a mobilization meeting to address the issue of copyright infringement in the dissemination of television dramas. The meeting pointed out that copyright infringement in the dissemination of television dramas (including online dramas) seriously harms the legitimate rights and interests of producers and broadcasters, and undermines the healthy and sustainable development of the radio and television industry. SART, based on its industry management responsibilities, will work with the National Copyright Administration and other relevant regulatory departments to strengthen the primary responsibility of online platforms and focus on addressing the problem of copyright infringement of television dramas on illegal websites, browsers, search engines, and cloud storage services.

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