EUR/USD 1.16620
0.002%
Gold 4726.95
0.164%
Oil 91.578
0.369%
USD/JPY 158.797
0.144%
GBP/USD 1.33913
-0.023%
GBP/JPY 212.656
0.134%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 9th - According to statistics from the Hengqin Border Inspection Station of the Zhuhai Border Inspection General Station, as of 00:00 on April 9th, 2026, the total number of inbound and outbound passengers at the Hengqin Port this year exceeded 10 million, 29 days earlier than last year (May 7th, 2025), setting a new record for the fastest passage since the port opened. This reflects the vigorous momentum of increasingly close exchanges and deepening integration between Hengqin and Macao. Regarding vehicle clearance, since the beginning of this year, the "joint one-stop" lanes at the Hengqin Port have processed over 1.17 million inbound and outbound vehicles, of which 66% are Macao-registered vehicles. The clearance time for a single vehicle has been reduced to less than 100 seconds. It is understood that the port will also upgrade its "no-card-swipe" clearance lanes this year, further accelerating both passenger and vehicle clearance.The Peoples Bank of China (PBOC) announced today that it conducted a 7-day reverse repurchase operation of 500 million yuan, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged from the previous rate.Hang Seng Index futures opened down 0.63% at 25,788 points, a discount of 100 points.Samsung Electronics shares fell 3%.April 9 - According to the website of the China Maritime Safety Administration, the Dalian Maritime Safety Administration issued a navigation warning that live-fire exercises will be conducted in parts of the northern Yellow Sea from 10:00 to 16:00 on April 9, and entry is prohibited.

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