EUR/USD 1.16054
-0.027%
Gold 5153.31
1.401%
Oil 88.540
13.887%
USD/JPY 157.902
0.224%
GBP/USD 1.33908
0.249%
GBP/JPY 211.448
0.490%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 8th, the Russian Ministry of Defense reported on the 7th that the Russian military, using land-based, air-based, and sea-based long-range high-precision weapons and attack drones, conducted a large-scale strike against Ukrainian military-industrial complexes, energy infrastructure serving the needs of the Ukrainian military, and military airfields. The Russian military also struck 149 areas, including Ukrainian military transportation infrastructure and temporary deployment points for Ukrainian troops and foreign mercenaries, with air defense systems shooting down 200 fixed-wing drones. The General Staff of the Ukrainian Armed Forces reported on the 7th that 148 battles occurred in the front-line areas in the past day. The Ukrainian military is thwarting Russian attempts to advance deeper into Ukraine and has inflicted significant manpower and equipment losses on Russian forces in multiple locations. The Ukrainian Air Force, missile units, and artillery attacked Russian personnel concentration areas, drone control points, artillery systems, and other targets, shooting down more than 1,800 Russian drones.March 8th - The Press Center of the Fourth Session of the 14th National Peoples Congress (NPC) issued a notice stating that the second "Ministerial Corridor" press conference of the Fourth Session of the 14th NPC will be held in the North Hall of the Great Hall of the People on the morning of March 9th, 2026, following the second plenary meeting. Principal officials from relevant departments of the State Council attending the meeting will be invited to give interviews. Domestic and foreign journalists are welcome to participate with their press credentials issued by the NPC.March 8th - At 10:00 AM, the Fourth Session of the 14th National Peoples Congress (NPC) held a press conference, inviting Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, to answer questions from Chinese and foreign journalists on issues related to "Chinas Foreign Policy and External Relations." The Fourth Session of the 14th NPC held group meetings throughout the day, reviewing the draft Ecological and Environmental Law in the morning and the draft Law on Promoting Ethnic Unity and Progress and the draft Law on National Development Planning in the afternoon. The Fourth Session of the 14th National Committee of the Chinese Peoples Political Consultative Conference (CPPCC) held group meetings in the morning to discuss the draft Ecological and Environmental Law, the draft Law on Promoting Ethnic Unity and Progress, and the draft Law on National Development Planning; the third plenary meeting was held in the afternoon, where members delivered speeches.Saudi Ministry of Defense: Saudi Arabia thwarted a drone attack targeting the diplomatic district of Riyadh; no injuries were reported.Kuwaiti Army: Responding to a drone attack, shrapnel caused some damage to civilian buildings.

EURGBP declines toward 0.87 due to Russia-Poland tensions, while investors await the UK Autumn Statement/CPI

Daniel Rogers

Nov 16, 2022 14:59

截屏2022-11-16 上午9.37.51.png 

 

Early in Tokyo, the EURGBP pair wavered between 0.8720 and 0.8740 after falling perpendicularly from the round-level resistance of 0.8800. In the context of escalating global tensions, it is projected that the cross will resume its downturn and may find support near 0.8700.

 

After wreaking havoc in Ukraine, Russia has increased its military operations against NATO member Poland, lowering investor sentiment in the Eurozone. The upshot of Poland's hosting a meeting of NATO ambassadors will provide increased impetus for investors to engage in more activity. An escalation of geopolitical tensions may exacerbate supply chain issues within the trading bloc.

 

The primary focus will be on the speech of Christine Lagarde, president of the European Central Bank (ECB). It is anticipated that the President of the European Central Bank (ECB) will provide hints regarding future monetary policy actions. In addition, inflationary pressure guidance will be of the utmost importance.

 

On the British front, the release of inflation data and the first Autumn Statement under Prime Minister Rishi Sunak and Chancellor Jeremy Hunt will be key.

 

The headline Consumer Price Index (CPI) is much higher at 10.7% compared to 10.1% in the previous edition. While the core CPI, which excludes the cost of oil and food, may decline slightly to 6.4% compared to the prior estimate of 6.5%, this decrease is unlikely to be significant.

 

To bridge the £60 billion budget imbalance, investors will focus on the proportion of tax hikes to spending cuts in the Autumn Budget. Sky News was briefed by Treasury officials that the "black hole" may be as large as £60 billion, demanding up to £35 billion in spending cuts and an additional £25 billion in tax income. Moreover, the energy bill cap will be quite relevant.


Suggestion