EUR/USD
1.17574
-0.240%
Gold
3655.96
0.317%
Oil
62.768
-0.823%
USD/JPY
147.939
-0.032%
GBP/USD
1.34949
-0.427%
GBP/JPY
199.647
-0.449%
Real-time News
Morgan Stanley: No longer expects the Bank of England to cut interest rates in 2025.On September 19th, Francesco Pesole of ING Bank stated in a report that Frances political turmoil has yet to have a significant impact on the euro, and this situation is expected to continue. He noted that the risk of a further widening of the yield spread between French and German government bonds remains. However, "what matters most for the euro is the speed of these adjustments, and so far we do not expect any substantial foreign exchange spillovers."The onshore RMB closed at 7.1125 against the US dollar at 16:30 on September 19, down 46 points from the previous trading day.UBS: No longer expects the Bank of England to cut interest rates in 2025.On September 19th, UK public sector borrowing increased significantly in August, placing additional pressure on Chancellor of the Exchequer Reeves ahead of the November budget. Joe Nellis, an economic advisor at the MHA, noted, "The Chancellor will have to make some extremely difficult, yet crucial, decisions in the budget if fiscal stability is to be maintained." He stated in a report that the UKs larger-than-expected deficit was primarily due to high interest costs on inflation-linked bonds—the 30-year government bond yield hit a nearly 30-year high in August. Increased welfare spending and an upward revision to public sector wage bills also contributed. Nellis stated that with the economy continuing to weaken and lacking stable, sustained growth, the governments increased borrowing is further constricting its fiscal space ahead of the budget.
