EUR/USD 1.17960
0.049%
Gold 4916.36
5.531%
Oil 61.935
-0.221%
USD/JPY 155.830
0.149%
GBP/USD 1.36668
-0.010%
GBP/JPY 212.974
0.149%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A spokesperson for the Qatari Ministry of Foreign Affairs stated (regarding the Iran issue) that regional cooperation and ongoing efforts are underway to ensure the de-escalation of the situation.February 3rd - Qianli Technology announced that in January 2026, its production of new energy vehicles was 36 units, a year-on-year decrease of 96.63%, and its sales were 30 units, a year-on-year decrease of 98.28%; the production of other models was 9,344 units, a year-on-year increase of 1075.35%, and its sales were 7,089 units, a year-on-year increase of 638.44%; the total production of complete vehicles was 9,380 units, a year-on-year increase of 403.49%, and its sales were 7,119 units, a year-on-year increase of 162.79%.Shares of US space companies rose in pre-market trading after SpaceX confirmed its merger with xAI. Virgin Galactic rose 1.7%, Planet Labs rose 3.1%, Intuitive Machines rose 2.4%, and Traveler Technologies rose 2.7%.February 3 - The Hong Kong Land Registry announced that a total of 7,631 property sales contracts were signed last month, a decrease of 15.2% month-on-month and an increase of 54.5% year-on-year; the total contract value was HK$57.2 billion, a decrease of 12% month-on-month and an increase of 55.8% year-on-year. Of these, 5,669 were residential property sales contracts, a decrease of 3.6% month-on-month and an increase of 56.3% year-on-year; the total contract value was HK$49.2 billion, a decrease of 3.9% month-on-month and an increase of 84.1% year-on-year.Paris prosecutors have summoned Elon Musk and Linda Yaccarino (former CEO of X) to testify in connection with the investigation into the X scandal.

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