EUR/USD
1.17888
-0.151%
Gold
4887.78
-1.569%
Oil
64.105
-0.198%
USD/JPY
157.219
0.220%
GBP/USD
1.35897
-0.458%
GBP/JPY
213.661
-0.216%
Real-time News
February 5th - Michael Pfister of Commerzbank stated in a report that if the Bank of England keeps interest rates unchanged in its policy decision but simultaneously raises market expectations for future rate cuts, the pound could face further declines. The market anticipates a 7-2 vote from the Bank of England to hold rates steady. Pfister said, "If the vote is more divided than expected, the market is likely to bet on a rate cut in advance, which would weaken the pound." The Bank of England will also release its first economic forecasts since the UK budget in November last year. Pfister indicated that these forecasts could pave the way for larger rate cuts.A Reuters poll predicts the Canadian dollar will rise 1.3% to 1.35 against the US dollar over the next 12 months and fall 0.9% to 1.38 over the next three months (both unchanged from the January poll).Tata Motors reported a loss of 34.9 billion rupees in the third quarter, compared with a profit of 54.1 billion rupees in the same period last year.February 5th - Eurozone retail sales fell more than expected in December, indicating that the recovery in household spending, expected to support the economy in 2026, remains fragile. Eurostat data released on Thursday showed that retail sales in the final month of 2025 fell 0.5% month-on-month, while Novembers figure was revised downward to a 0.1% increase. Non-food sales led the decline ahead of the key holiday season, while food and beverage sales rose slightly. Sales declined month-on-month in France, Italy, and Spain, while Germany saw a slight increase. However, data released by the European Commission at the end of last month showed that Eurozone consumer confidence improved in January, and economists expect economic growth this year to be mainly driven by domestic demand, especially household spending. Eurostat stated that, on an annual basis, retail sales in December increased by 1.3% year-on-year.The European Commission stated that Apples advertising and Maps services should not be included in the "core platform" category for enterprise users as defined in its Digital Markets Act. Apple welcomed this decision, stating that it remains committed to providing superior service and experiences across the EU, and offering the best possible privacy and security.
