EUR/USD 1.16313
0.002%
Gold 4487.71
0.067%
Oil 91.999
1.186%
USD/JPY 159.898
0.145%
GBP/USD 1.34694
0.111%
GBP/JPY 215.378
0.258%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Secretary of State Marco Rubio: Venezuela needs a government that is legally formed through elections, but the conditions for this must be created.On June 3rd, Microsoft (MSFT.O) unveiled a new AI software designed to function like a 24/7 administrative assistant, the latest development in the companys efforts to integrate AI into the workplace. The software maker stated on Tuesday that while AI bots like ChatGPT or Microsofts Copilot are only visible to users, the new tool, "Scout," will appear in internal emails and calendar systems. Charles Lamanna, head of product development for Microsofts numerous business applications teams, said this means Scout will be able to handle a wider range of tasks autonomously. He explained that, for example, if theres a time conflict, the assistant can autonomously ask meeting organizers to reschedule. Salespeople can also ask their bosses questions with Scout. "It has its own independence, so its shareable," Lamanna said. However, Lamanna did not disclose Scouts pricing; initially, users will need to subscribe to Microsofts GitHub Copilot coding assistant. He indicated that customer pricing will likely be based on usage rather than a fixed subscription fee. Lamanna stated that in the long term, as the cost of accessing AI models continues to decrease, Microsoft hopes to incorporate more AI products into subscription plans.As of the 2:30 closing bell, the main Shanghai gold futures contract rose 0.17%, the main Shanghai silver futures contract rose 0.24%, and the main SC crude oil futures contract fell 0.41%.Microsoft (MSFT.O) executive: Will collaborate with Mayo Clinic to develop artificial intelligence models.Iranian Foreign Minister Araqchi: The Iranian and Saudi foreign ministers discussed diplomatic efforts in a phone call.

Despite the Bank of England's less hawkish forecasts, GBP/USD is expected to rise beyond 1.2170

Daniel Rogers

Aug 04, 2022 11:52

截屏2022-08-04 上午11.47.01.png 

 

The GBP/USD pair has showed a modest retreat after failing to reclaim the 1.2170 resistance level. As the US dollar index (DXY) is projected to extend losses below 106.30, the upside stays favored. After a good fall to the round-number support around 1.2100, the asset has resumed its general uptrend.

 

As investors await the Bank of England's monetary policy decision, the cable might exhibit some volatility in the near future (BOE). In consideration of market expectations, BOE Governor Andrew Bailey will raise interest rates to 1.75 percent as a second successive 50 basis point (bps) increase is anticipated.

 

No one could dispute the reality that households in the United Kingdom are suffering tremendous pricing pressures. The inflation rate has risen to 9.4 percent, and there have been no indicators of a peak as of yet. The rate of inflation might reach double digits if the rate of price growth continues to accelerate, and families will be forced to pay more for identical quantities.

 

Well, a 50 basis point rate boost is insufficient to battle the inflation monster. However, dismal growth estimates and a decrease in the Labor Cost Index prevent the BOE from sounding excessively hawkish.

 

On the dollar front, the US dollar index (DXY) is experiencing uncertain movement as the visit to Taiwan by US House Speaker Nancy Pelosi has exacerbated protracted Sino-US tensions. The United States has held the global leadership position for a considerable amount of time, and China is keen to take over. Therefore, the United States' backing for Taiwan, a country with enormous technical potential, has exacerbated tensions between the United States and China.


Suggestion