EUR/USD 1.14296
0.117%
Gold 4123.58
1.133%
Oil 71.661
-3.831%
USD/JPY 162.374
-0.134%
GBP/USD 1.34081
0.144%
GBP/JPY 217.715
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. House of Representatives will vote next week on a bill to permanently implement daylight saving time.Democratic Republic of Congo: The number of confirmed Ebola cases has risen to 1,792, with 625 deaths.July 10 – According to Sputnik News Agency, Russian Foreign Minister Sergey Lavrov stated at a press conference that Russia no longer believes the West is willing to negotiate on the Ukraine issue. Lavrov said, “We no longer believe the West is willing to resolve the issue through negotiations. Our previous goodwill and hope have been completely exhausted.” Lavrov added, “We have outlined our assessment of the current situation in Ukraine, including the actions of the West. While pretending to be prepared for negotiations, as the European side has already announced, the West has turned around and publicly issued an ultimatum to Russia.”According to the Wall Street Journal, Netflix (NFLX.O) is exploring the launch of live TV and more bundled packages in an attempt to improve user retention.On July 10th, U.S. Commerce Secretary Rutnick called on Samsung Electronics and SK Hynix to increase their memory chip production in the United States to help alleviate the global shortage of key components for artificial intelligence development. Rutnick confirmed that he is in talks with the two South Korean memory chip manufacturers but did not disclose specific details. He acknowledged that Micron CEO Mehrotra might not welcome competitors expanding their presence in the U.S., but Rutnick stated that this move is necessary to strengthen the U.S. chip supply chain. "You know, he (Mehrotra) wont like this, but I want to bring his competitors—Samsung and SK Hynix—to the U.S. to set up factories," Rutnick said. "Micron is currently in the lead. Other companies are bound to be envious, right? So they have to follow suit."

Due to ECB predictions that are hawkish, the EUR/GBP rises beyond 0.850

Alina Haynes

Jul 21, 2022 11:38

 截屏2022-07-21 上午9.49.57.png

 

The EUR/GBP pair has gained gradually after testing the previous inventory distribution area, which is situated in a constrained band of 0.8475 to 0.8495 with less selling pressure. As investors back the shared currency bulls in expectation of a European Central Bank rate hike announcement, the cross is attempting to surge over 0.8500. (ECB).

 

For the first time in eleven years, European Central Bank President Christine Lagarde is set to hike interest rates. The ECB must raise interest rates because European households can no longer tolerate the price pressures, and the Asset Purchase Program (APP) has come to an end. Before enacting a higher rate rise in the future, the ECB could wish to start out by raising interest rates just a little bit.

 

As a consequence of Russian President Vladimir Putin's comments that it is unclear in what condition the Nord Stream 1 equipment will return from repair, the situation around the gas supply from Nord Stream 1 to Europe has become ambiguous in the meantime.

 

Price pressures on the pound's front have continued to be intense due to volatile oil and food costs. The basic Consumer Price Index (CPI) has, however, shown indications of fatigue. The overall inflation rate was 9.4%, above expectations of 9.3% and the most recent figure of 9.1%. The core CPI dropped from the prior figure of 5.9 percent, while it still met forecasts at 5.8 percent.


Suggestion