EUR/USD
1.14114
0.121%
Gold
4130.38
1.294%
Oil
85.322
1.336%
USD/JPY
163.077
-0.067%
GBP/USD
1.33789
0.035%
GBP/JPY
218.184
-0.018%
Real-time News
July 22nd - Data released by the UK Office for National Statistics on Wednesday showed that consumer prices rose 2.6% in the 12 months to June, down from 2.8% in the previous month. This is the lowest inflation rate since March last year and is also lower than the average economist forecast of 2.7%. Expectations of an end to the Iraq War led to a sharp drop in crude oil prices, which in turn drove down petrol and diesel prices last month. Food and non-alcoholic beverage prices also contributed to the overall price decline. The services inflation rate, a key indicator of domestic inflation pressure closely monitored by the Bank of England, slowed to 3.6% from 3.7%, slightly higher than expected. However, the respite for consumers from the decline in inflation may only be temporary. Economists expect a 13% increase in the ceiling for UK household energy bills in July, resulting in a slight rebound in the inflation rate. The market widely expects the Bank of England to keep interest rates unchanged next week, as it needs to balance the threat of rising energy prices with a weak labor market and sluggish economic growth.According to Irans Fars News Agency, an official in Irans Bushehr province said that two explosions occurred in the province this morning due to a US attack.On July 22, it was reported that former Venezuelan President Nicolás Maduro, along with prosecutors from the U.S. Department of Justice, jointly proposed to the court on Tuesday that the trial for the charges against Maduro be scheduled for June 2027. The two sides submitted a joint document ahead of a hearing in Manhattan federal court on Wednesday, outlining a timetable for the subsequent trial in one of the most high-profile and impactful criminal cases in the United States in recent years. However, the U.S. District Judge Alvin Hellerstein, who is presiding over the case, will ultimately decide the schedule, and both sides indicated that they may request adjustments to the timetable in the future. According to the submitted timetable, Maduros first legal motion to dismiss the charges must be filed by September 2, which is expected to include a motion citing the immunity of a head of state. After the prosecution transfers any classified evidence to the defense for review, Maduro will file a second legal motion by January 11 next year.Data from the UK National Grid shows that the Hisham 1-2 nuclear reactors have been restored to grid operation after being shut down.The UKs core CPI rose 0.3% month-on-month in June, below the expected 0.2% and the previous reading of 0.3%.
