EUR/USD 1.16233
0.009%
Gold 4355.29
-1.291%
Oil 92.206
1.618%
USD/JPY 153.980
-0.238%
GBP/USD 1.35399
-0.001%
GBP/JPY 208.506
-0.228%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 9th, sources familiar with the matter revealed that Project Braid, the AI cloud project undertaken by Googles parent company Alphabet (GOOG.O) in partnership with Blackstone Group (BX.N), has encountered delays in data center construction. The $5 billion project, invested in by Blackstone, plans to lease computing resources powered by Googles AI chips to customers by 2027. Sources indicated that Google had previously planned to have AI data center developer Crusoe build the data center in Cheyenne, Wyoming, but subsequently cancelled the arrangement and took over the project, reapplying for the necessary permits. Sources stated that Google lost confidence in Crusoes ability to deliver the project on schedule. Crusoe previously gained attention for its involvement in OpenAI and Oracles flagship "Stargate" data center project in Texas. Furthermore, another data center site selection has been affected by a lack of necessary transformers. Currently, AI data center construction faces bottlenecks such as insufficient power supply and approval delays. Project Braids head stated that the project is still progressing and plans to provide 500 megawatts of computing capacity next year.September 9th - It was learned from the United States on September 8th local time that the US military struck targets near Irans Kharg Island and the port city of Jask. An anonymous senior US official stated that the targets included Iranian oil tankers. On the evening of the 8th local time, Iranian sources reported that an Iranian oil tanker was attacked by US missiles about four miles from Kharg Island. Local sources stated that there were no casualties and the tankers crew was being evacuated. Relevant departments are investigating the specific circumstances of the incident.U.S. officials say that in response to Iran’s repeated missile attacks on U.S. Navy warships, the U.S. military has struck several Iranian oil tankers linked to the Iranian Revolutionary Guard.Heathrow Airport, UK: Air traffic control services have begun to resume.On September 9th, EU High Representative for Foreign Affairs and Security Policy Kalas posted on social media that all EU member states agree that Israeli settlements in the West Bank violate international law. The Israeli governments settlement expansion in the West Bank is undermining the prospects of the two-state solution. Kalas reiterated the EUs firm commitment to supporting a comprehensive, just, and lasting peace based on the two-state solution. On the same day, 12 countries, including the UK, France, and Canada, issued a joint statement making commitments to restrict trade with Israeli settlements.

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