EUR/USD 1.18739
0.030%
Gold 5032.54
2.252%
Oil 62.595
-0.242%
USD/JPY 152.752
0.012%
GBP/USD 1.36557
0.249%
GBP/JPY 208.597
0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

While traders focus on US/UK PMI, the GBP/USD establishes a floor around 1.1250

Daniel Rogers

Sep 23, 2022 14:19

截屏2022-09-23 上午9.44.16.png 

 

The GBP/USD pair is displaying a dissatisfying performance after breaking below the important 1.1350 resistance level early in the Asian session. In the run-up to tomorrow's PMIs report, the cable has been trading in a tight range of 1.1250 to 1.1266. At one point in the past, after experiencing intense buying interest close to 1.1200, the asset price rebounded rapidly. After the current corrective drop from 1.1350 ends, the rising trend should resume.

 

The pound bulls' wild volatility increased after the Bank of England's interest rate decision was made public (BOE). Andrew Bailey, governor of the Bank of England, recently announced a 50-basis-point (bps) interest rate hike and a new terminal rate of 2.25%. The interest rate is now higher than it was in 2008.

 

However, the UK has not taken an assertive monetary policy approach, so investors should be aware that the economy is facing headwinds from rising pricing pressures. Reasons to keep a level head include the economy's weak foundations, precarious labor market conditions, and a terrible labor market index. Borrowing Cost of Britain (BOE) authorities did not hesitate when boosting interest rates because they were not given any support from domestic economic factors.

 

The S&P Global PMI data for the UK will soon be the most talked about stories in the media. Assuming the latest economic data is as accurate as the previous edition, we should expect to see a rise in Manufacturing PMI to 47.5 from 47.3. In spite of this, the Services PMI is predicted to fall from 50.9 to 50.0.

 

Meanwhile, demand for the US dollar index (DXY) is falling as the Federal Reserve's (Fed) unusually aggressive attitude loses some of its sway. Investors' attention has shifted to the PMI data, which is expected to show a lackluster performance overall. Preliminary estimates place the Manufacturing PMI at a gentle 51.1, while the Service PMI surges sharply to 45.


Suggestion