EUR/USD
1.16204
0.007%
Gold
3375.46
0.293%
Oil
63.816
-1.206%
USD/JPY
147.535
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GBP/USD
1.34631
0.077%
GBP/JPY
198.630
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Real-time News
On August 26th, UK gilt yields surged to near a 27-year high on Tuesday, increasing pressure on Prime Minister Starmers government to cut fiscal spending. The 30-year UK gilt yield climbed 9 basis points to 5.63%. A rise to 5.66% would mark its highest level since 1998. UK gilt yields followed those of US Treasuries. US Treasuries fell for a second consecutive day as investors demanded higher premiums amid renewed concerns about the Federal Reserves independence. US President Trump previously stated that he would remove Lisa Cook, a board member suspected of falsifying mortgage documents. UK borrowing costs have been under pressure recently, creating an additional challenge for Chancellor of the Exchequer Reeves as he drafts his autumn budget. Reeves must implement cost-saving measures or raise taxes to balance the budget.On August 26, Panson macroeconomist Elliott Jordan-Doak said that the Bank of Englands decision to cut interest rates at its recent policy meeting seems increasingly difficult to justify. Earlier this month, as the British economy faced huge economic pressure, the Bank of Englands interest rate setters decided to cut the key bank rate from 4.25% to 4.00% in a rare second round of voting. But Jordan-Doak believes that inflation remains a serious problem. Data released two weeks after the Bank of Englands meeting showed that the annual rate of price inflation accelerated to 3.7% in July, with service industry inflation soaring. Jordan-Doak said that with the improvement in British business confidence, the Bank of England is unlikely to cut interest rates further after August. He said: "The trend of the data shows that the next interest rate cut will not come soon."China Power Port: Operating income in the first half of 2025 was 33.526 billion yuan, a year-on-year increase of 35.64%; net profit was 181 million yuan, a year-on-year increase of 64.98%.On August 26, Yuexiu Property (00123.HK) announced that its operating revenue for the first half of the year reached RMB 47.57 billion, a year-on-year increase of 34.6%. Profit attributable to equity holders decreased by 25.2% to RMB 1.37 billion, and its core net profit decreased by 12.7% to RMB 1.52 billion. The board of directors declared an interim dividend of HK$0.166 per share, equivalent to RMB 0.151 per share, representing approximately 40% of its core net profit.The onshore RMB closed at 7.1621 against the US dollar at 16:30 on August 26, down 104 points from the previous trading day.
