EUR/USD 1.15665
0.024%
Gold 4082.31
1.957%
Oil 60.083
0.682%
USD/JPY 154.083
0.428%
GBP/USD 1.31721
0.071%
GBP/JPY 202.965
0.500%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to CNBC, the Federal Aviation Administration has banned most private aircraft from taking off and landing at 12 major airports due to staffing issues caused by the government shutdown.Beike (BEKE.N) reported revenue of RMB 23.052 billion and net profit of RMB 749 million in Q3 2025, with an ADS of RMB 0.65.On November 10th, Shannon Semiconductor issued an announcement stating that its main business is currently chip distribution and product development. The company has noted recent market reports regarding rising prices for memory chips. The company and its subsidiaries are currently operating normally, and there have been no significant changes in its main business or fundamentals.November 10th - Some Wall Street strategists believe that strong corporate earnings will drive a U.S. stock market rally in 2026, and the risks surrounding the uncertain interest rate outlook will prove to be temporary. Morgan Stanleys Michael Wilson stated that there are "clear signs" of an ongoing earnings recovery, and U.S. companies are enjoying better pricing power. He also noted that earnings expectation revisions have bottomed out. In a report, Wilson wrote, "While Federal Reserve guidance and the impact of the government shutdown have put pressure on recent stock price movements, these are merely temporary headwinds before a solid 2026 driven by earnings growth." A Citi index shows that since mid-October, more analysts have raised valuations than lowered them. Market focus now shifts to Nvidias earnings report next week for clues about artificial intelligence trends.Jefferies: Raises its target price for Arm (ARM.O) from $173 to $205.

GBP/JPY declines from 167.00 as UK inflation soars and risk aversion wanes

Alina Haynes

Oct 17, 2022 14:51

截屏2022-10-17 上午10.32.16.png

 

The GBP/JPY pair encountered resistance near 167.00 during the Tokyo session and has since dropped slightly to roughly 166.70. The S&P500 has retraced some of its gains after a stronger rally, which has weighed on the pound bulls due to a decline in the risk-taking urge.

 

In spite of rumors that the Bank of Japan (BOJ) will intervene in the currency markets to shield the yen from volatility during the past week, the cross has stayed in the hands of bulls. According to Reuters, Japan's authorities have started looking for Haruhiko Kuroda's replacement for the upcoming year. In regards to the principles governing monetary policy, BOJ Kuroda stated, "Continued monetary easing is appropriate." The yen bulls have been further weakened by this.

 

The pound bulls may experience extremely high volatility due to a political drama in the United Kingdom. Political unrest has resulted from Chancellor Kwasi Kwarteng's unexpected resignation after he pledged to drop the proposal to raise company taxes to 25%. The decision made by Kwarteng, the UK's former finance minister, accelerated the collapse of the equity market and returns on government bonds.

 

In the meantime, the probability of further BOE-BOJ policy divergence expansion has grown as a result of remarks on monetary policy made by Bank of England (BOE) Governor Andrew Bailey. "We will not hesitate to boost interest rates to satisfy our inflation target," BOE Bailey continued, according to Reuters. Price pressures, according to the central bank, call for stricter policy tightening measures than were suggested in August.

 

This week, the UK Consumer Price Index (CPI) data will be of utmost significance. Each of the inflation rates—headline and core—could rise by 10 basis points, to 10% and 6.4%, respectively. An increase in inflation reaching double digits could pose new challenges for the British economy.


Suggestion