EUR/USD 1.14902
0.235%
Gold 4368.51
2.453%
Oil 95.100
-2.442%
USD/JPY 155.498
-0.498%
GBP/USD 1.33897
0.074%
GBP/JPY 208.215
-0.421%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 17th, Zhongke Wenge officially launched the SciencePro Rock-Solid Intelligent Research Decision Platform. As a one-stop scientific research decision-making platform, SciencePro integrates core capabilities such as innovation evaluation, ScienceHub, and a research intelligence agent platform. SciencePro combines pre-evaluation, on-demand access to research resources, and research method reuse, providing continuous support for researchers from topic selection and scheme design to computational analysis through professional intelligent agents organizing task execution.According to the statement, the U.S. Department of Defense signed a framework agreement with Lockheed Martin to increase production of the AIM-260 Joint Advanced Tactical Missile and expand foreign military sales.British Prime Minister Burnham: Britain must go all out to achieve net-zero emissions by 2050.On September 17th, the Ministry of Transport held a plenary meeting of its Safety Committee and a video conference on transportation safety during the Mid-Autumn Festival and National Day holidays and the fourth quarter. The meeting emphasized the need to make every effort to ensure safety in the industry during the fourth quarter. It stressed the importance of proactively preventing severe weather events, focusing on heavy rainfall, autumn typhoons, cold waves, strong winds, and low-temperature rain, snow, and freezing disasters, and strictly implementing all proactive prevention measures. The meeting also emphasized strengthening safety supervision in key areas, conducting concentrated crackdowns on illegal road passenger transport operations, and ensuring collision prevention for commercial and fishing vessels. It called for the comprehensive completion of this years special campaign to address outstanding issues and for early planning for next years campaign. The meeting further emphasized the need to effectively ensure safety and service guarantees during the Mid-Autumn Festival and National Day holidays. This includes: 1) Effective consultation and assessment; 2) Effective safety control; and 3) Effective service guarantees. This includes implementing tailored measures for each road segment to ensure smooth traffic flow, strengthening charging services in each area, organizing and guaranteeing large passenger flows, and actively conducting live road network updates to guide the public in making reasonable travel arrangements.Shares of Lucid Group (LCID.O) rose 6.1% in pre-market trading after announcing a partnership with Bolt.

The EUR/GBP is fluctuating close to 0.8750 as focus shifts to UK inflation and BoE policy

Alina Haynes

Mar 20, 2023 13:22

 EUR:GBP.png

 

The EUR/GBP pair is exhibiting a lackluster performance around 0.8750 during the Asian session. As investors prepare for the release of the Bank of England's (BOE) interest rate decision and the United Kingdom's Consumer Price Index (CPI) this week, the cross has moved sideways.

 

Despite the fact that the headline asserts that UBS has revitalized Credit Suisse, the cross appears to be weak. Credit Suisse shareholders will receive one share of UBS for every 22.48 Credit Suisse shares they own, valuing the bank at $3.15 billion (£2.6 billion), according to BBC News. The Swiss National Bank (SNB) stated that the agreement was the most effective means of restoring market confidence and mitigating economic risks. Additionally, the BoE endorsed the "comprehensive set of actions."

 

The consensus opinion on the street is that Governor Andrew Bailey of the Bank of England (BoE) will provide a pessimistic outlook for the interest rate decision amidst concerns of banking turmoil, which will be his top priority.

 

Rabobank analysts also anticipate a 25 basis point (bps) rate hike and caution that the market has not fully factored in this scenario. Andrew Bailey, governor of the Bank of England, would raise rates by 25 basis points to 4.25 percent.

 

Prior to that, the UK inflation data released on Wednesday will be attentively monitored. The annual headline CPI is expected to decline from 10.1% to 9.8%, according to projections. At 5.8%, the core CPI, which excludes the cost of fuels and food, would not change. It should be aware that persistent inflation in the United Kingdom is due to rising food prices and a labor shortage.

 

After the European Central Bank (ECB) raised interest rates by 50 basis points (bps) last week, Gediminas imkus, a member of the ECB Governing Council, stated on Friday that "the terminal rate has not yet been reached" For further deflation, extremely persistent inflation in the Eurozone requires higher interest rates.


Suggestion