EUR/USD
1.17721
0.134%
Gold
3334.89
0.269%
Oil
65.635
-1.022%
USD/JPY
144.485
-0.291%
GBP/USD
1.36480
-0.054%
GBP/JPY
197.197
-0.327%
Real-time News
On July 5, Bank of England Monetary Policy Committee external member Taylor said that central bank officials cannot avoid the question of the direction of interest rates, which is a direct challenge to Governor Baileys approach. Taylor was unusually frank about his expected final direction of the UK neutral interest rate, while Bailey and those around him repeatedly avoided questions about this issue, claiming that there are too many uncertainties. Taylor warned on Friday that avoiding the issue is "difficult, problematic, and in my opinion counterproductive." He once again called for lower interest rates, saying that the Bank of England should cut interest rates in response to the "deteriorating" economic environment, and warned that historical experience shows that the sooner the better.Bank of Italy: The assessment takes into account the exposure of Italian banks to these countries in relation to their overall exposure as of the end of 2024.The Bank of Italy lists the United States, Britain, Switzerland and Russia as countries of significant systemic risk relative to Italian banks.July 5, gold experienced temporary pressure in the previous trading day after non-farm payrolls data showed that the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly fell. However, Linh Tran, an analyst at XS.com, said in a report that the report did not indicate an overheated economy, but rather showed a relatively stable growth rate. Tran said that this was not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further.Brazils Minister of Mines and Energy: Petrobras needs help lowering gas prices.
