EUR/USD 1.07585
-0.620%
Gold 1975.95
-0.830%
Oil 69.248
-0.312%
USD/JPY 130.747
-0.012%
GBP/USD 1.22255
-0.492%
GBP/JPY 159.849
-0.521%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Hungary and Serbia extend gas storage agreement until 2023.According to the Financial Times: Unlike many other macro hedge funds, hedge fund Rokos has the vast majority of its leverage in the government bond market.According to the Financial Times: Counterparties say they are not concerned about hedge fund Rokos ability to meet margin calls.According to the Financial Times: Hedge fund Rokos, which manages about $15.5 billion in assets, fell 12.5% on the month when multiple counterparties asked the fund to increase assets to meet margin calls, two people familiar with the matter said.[Death toll in Pennsylvania factory explosion rises to 5 people] The chocolate factory explosion in Reading, Pennsylvania, USA on the 24th has killed 5 people, 6 people are still missing, and 8 people are being treated at the local hospital . Local police are investigating the cause of the explosion.

As Japan plans a Cabinet reshuffle, GBP/JPY is aiming for a two-week high near 169.00

Alina Haynes

Nov 22, 2022 15:03

 截屏2022-11-22 上午10.04.12.png

 

During the Tokyo trading session, the GBP/JPY pair has extended its recovery and is seeking to cross the 168.00 threshold. As market sentiment improves, the cross approaches a two-week high close to 169.00. Despite projections of a slower pace of rate hikes by the Bank of England, the British pound is expected to continue its upward trajectory (BOE).

 

The public is still arguing if the Autumn Statement has restored confidence and capability in the UK's economic prospects or has worsened the forecasted picture.

 

Shell, a provider of renewable energy and energy solutions, is reconsidering its expansion plans in the British energy market after the incoming UK government announced windfall taxes. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt increased the tax rate from 25% to 35% in the long-awaited "memorial service for Trussonomics."

 

The expanded tax mentioned in the Chancellor's Autumn Statement is leading Shell to reconsider a number of ongoing projects, including North Sea investments and renewable energy programs, according to David Bunch, chairman of Shell UK.

 

UOB economists maintain their prediction of a 50 basis point (bps) change in the United Kingdom's interest rate at its monetary policy meeting in December. They feel the BOE still has work to do, given that Hunt has decided to delay the majority of the severe repercussions of fiscal consolidation, which means fiscal policy will do little to combat inflation."

 

Prime Minister Fumio Kishida of Japan told Mainichi that investors in Tokyo are becoming anxious because the Japanese government expects to reshuffle its Cabinet before the end of the year. This may result in a period of Japanese yen volatility. On the economic front, Thursday's release of the PMI results is anticipated by investors. The Jibun Bank Manufacturing PMI is considered stable at 50.7. While Services PMI is expected to decline significantly to 53.1%, Manufacturing PMI is expected to climb marginally to 54.2%.

Suggestion