EUR/USD
1.14670
0.037%
Gold
4037.12
-0.572%
Oil
79.204
-0.651%
USD/JPY
162.164
-0.014%
GBP/USD
1.35047
-0.248%
GBP/JPY
219.002
-0.252%
Real-time News
On July 16th, Deutsche Bank analyst Sanjay Raja stated in a report that British Prime Minister Starmer will hand over a significantly improved British economy to his successor, Burnham. Data shows that the UKs GDP grew by 0.1% month-on-month in May, with a cumulative growth of 0.7% in the three months to May. Raja stated that based on the second-quarter economic performance, the UK is likely to continue to rank among the top G7 countries, or at least maintain a leading position. Looking ahead, he believes that the continued energy shock caused by the Iran war and geopolitical uncertainties may slow the UKs economic growth momentum. However, Raja noted that despite Englands defeat in the World Cup on Wednesday, the extended pub hours could still provide a brief boost to the UKs July GDP.On July 16th, Thomas Watts, an analyst at Julius Baer Bank, stated in a report that the latest UK economic growth data reflects the true state of the UK economy over the past two years – “There has been growth, but it has been hard-won and unevenly distributed.” He noted that while UK GDP grew by 0.1% month-on-month in May, this figure is somewhat “beautified.” Watts pointed out that the service sector was the only major driver of economic growth, growing by 0.3% in May; meanwhile, industrial production and construction both contracted. He stated that this serves as a reminder to the market that while the UK economy is still moving slowly, business confidence remains fragile. However, compared to the monthly data, the overall economic growth trend is more positive. In the three months to May, UK GDP grew by 0.7%. Watts added that the candidate who will succeed Reeves as Chancellor of the Exchequer (currently widely expected to be Shabana Mahmoud) should carefully manage this hard-won growth advantage.According to a Reuters poll, 52 out of 74 economists expect the European Central Bank to raise interest rates again in 2026.According to a Reuters poll, all 74 economists surveyed said the European Central Bank would keep its deposit rate unchanged at 2.25% on July 23.July 16th - Tencent SkillHub officially launched SkillPay, an agent-based paid skills commercialization platform, on July 16th, connecting skill distribution, agent invocation, and skill payment.
