EUR/USD 1.18535
-0.112%
Gold 3675.82
-0.379%
Oil 64.034
-0.210%
USD/JPY 146.508
0.041%
GBP/USD 1.36391
-0.041%
GBP/JPY 199.828
0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Wall Street Journal: Ford Motor (FN) further cuts 1,000 jobs in Germany due to continued weak demand for electric vehicles.The European Parliaments head of metals will visit Kyiv, MEPs said.September 17th news: On September 17th local time, Krasnodar Airport in southern Russia received the first flight since its suspension of operations. This is also the first time the airport has resumed formal operations since its closure since the outbreak of the Russia-Ukraine conflict in February 2022.The number of rate cuts this year is expected to increase. 1. JPMorgan Chase: The updated dot plot indicates room for three rate cuts this year, one more than the June dot plot. 2. Deutsche Bank: The updated dot plot median may indicate a total of 75 basis points of rate cuts in 2025, 25 basis points more than the June forecast. 3. Barclays: The dot plot indicates three rate cuts this year, one each in 2026 and 2027, while the median long-term rate forecast remains unchanged at 3.0%. 4. Bank of Montreal: The median rate forecast for the end of 2025 is expected to be lowered to reflect the possibility of 25 basis point cuts at both the October and December meetings. The dot plot remains unchanged from June. 1. Pepperstone: The Federal Reserve is likely to disappoint market expectations. The dot plot median is likely to remain unchanged, still indicating only a cumulative rate cut of 50 basis points this year. 2. UBS: The dot plot will show two rate cuts this year, while the market expects closer to three. Participants economic outlook forecasts will also be in focus. 3. Bank of America: With macroeconomic forecasts largely unchanged, the median Fed rate forecast for 2025 will continue to indicate a 50 basis point cut, despite a downward shift in the overall dot plot. 4. Goldman Sachs: We expect the updated dot plot to show two rate cuts this year, to 3.875%. While the Fed may currently be planning three consecutive rate cuts this year, it may decide that forcing this into the dot plot is unnecessary. 5. Morgan Stanley: We expect the median dot plot to still show two rate cuts this year, but actual economic data may push the Fed to continue cutting rates throughout the rest of the year, extending this round of cuts into January. Other Views: 1. Citigroup: The updated dot plot is likely to indicate two to three rate cuts this year, and the median rate forecast for 2026 may also be revised downward.The UKs core CPI monthly rate in August was 0.3%, in line with expectations and the previous value of 0.2%.

The EUR/GBP exchange rate recovers from 0.86 before to German GDP

Alina Haynes

Oct 28, 2022 15:29

 截屏2022-10-28 上午10.31.22.png

 

During the Tokyo session, the EUR/GBP exchange rate of 0.8610 attracted increased interest. Prior to the announcement of German Gross Domestic Product (GDP) data, the asset broke above a tight consolidation between 0.8610 and 0.8620.

 

The risk profile has detected a comeback as S&P500 futures have reduced their gains. Additionally, the US dollar index (DXY) has declined to roughly 110.35.

 

Following Thursday's announcement of monetary policy by the European Central Bank, bulls of common currencies faced a sharp sell-off (ECB). Christine Lagarde, president of the European Central Bank (ECB), announced a 75 basis point (bps) consecutive rate increase and a push of interest rates to 1.5%, the highest level since 2009, in order to combat the record inflation jump and ensure a speedy return to 2%.

 

The less forceful tone of policy directives hurt euro bulls. Christine Lagarde appeared dovish during the press conference, but Commerzbank analysts still forecast a big rate hike at the December meeting.

 

The future focus of investors will be on German Gross Domestic Product (GDP) figures. The consensus predicts that the annual GDP growth rate for the third quarter will be 0.8%, down from the previous reading of 1.7%. Quarterly GDP data will demonstrate a 0.2% drop.

 

In order to establish financial stability, the novel UK Prime Minister Rishi Sunak has shifted his whole attention to lowering the pile of debt. According to the Financial Times, Sunak is proposing tax increases and budget cuts of up to 50 billion GBP, which is consistent with the plan of the Bank of England (BOE). Next week, investors will focus only on the monetary policy of the Bank of England. As the first interest rate decision following Sunak's candidacy as British prime minister, the monetary policy decision will have a significant impact.


Suggestion