EUR/USD 1.15461
-0.374%
Gold 4673.70
-1.775%
Oil 98.666
4.745%
USD/JPY 159.445
0.402%
GBP/USD 1.32451
-0.462%
GBP/JPY 211.156
-0.025%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Malaysia Airlines Group CEO: We are actively reviewing and adjusting ticket prices to minimize the impact of fuel prices.On April 2nd, the National Medical Products Administration (NMPA) released the "Implementation Opinions on Artificial Intelligence + Drug Supervision". The Opinions propose that by 2030, a preliminary integrated innovation system for drug supervision and artificial intelligence will be established, a basic operational management mechanism for "AI + Drug Supervision" will be formed, the computing power support base will be more intensive and efficient, and high-quality datasets, large-scale vertical models, and intelligent agents that meet the needs of intelligent supervision will be formed. Artificial intelligence will be effectively applied in scenarios such as review and approval, supervision and inspection, testing and monitoring, and government services, significantly improving human-machine collaboration efficiency, and taking a new step forward in the full lifecycle digital and intelligent supervision capabilities. By 2035, a new pattern of intelligent drug safety governance driven by digital intelligence, intelligent and agile, autonomous and controllable, and ecologically collaborative will be basically formed.April 2nd - The United States has been continuously increasing its troop presence in the Middle East in recent days, leading to widespread speculation that the US military is preparing for ground operations in Iran. In response, former US Central Command Commander Joseph Votel recently warned in an interview with US media that if the US rashly sends ground troops to land on Iranian soil, these forces "will soon be swallowed up."The main Shanghai silver futures contract fell 4.00% intraday, currently trading at 17,917.00 yuan/kg.Malaysia Airlines Group CEO: Every US dollar increase in oil prices will have an impact of approximately 50 million ringgit on the Malaysia Airlines Group.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

 EUR:GBP.png

 

The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


Suggestion