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According to Irans Fars News Agency, a spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the United States in a war, it will become a clear and legitimate target.On July 26, when asked whether the Iranian Revolutionary Guard Corps initiated the war, a spokesperson stated that according to the agreement, passage through the Strait of Hormuz should be conducted in accordance with Iranian regulations. However, the United States, as expected, violated the agreement and announced an alternative passage route. Following this breach, the Revolutionary Guard Corps blocked the passage of vessels and struck those violating the rules. It was hoped that the United States would return to fulfilling its commitments, but this did not happen; instead, it attacked our coast, islands, and some radar facilities. Therefore, this new round of aggression once again originated from the United States. The Revolutionary Guard Corps attacks were intended to force the United States to fulfill its commitments, thus launching Operation Victory 2.July 26th - According to French LCI television news, Trump stated regarding Iran that if we cannot get 100% of what we want from Iran, we will absolutely consider resuming a full-scale war. When asked what he would like to say to European allies, Trump said they are lucky to have a friend like him.Ukrainian President Zelensky: Russian satellite monitoring shows that Moscow is assisting Tehran in its strike operations in the Middle East.The UK Foreign, Commonwealth and Development Office advises against traveling to any area within 10 kilometers of the Saudi border with Yemen; except where necessary, avoid areas between 10 and 80 kilometers from the Saudi border with Yemen.

Near 0.8670, the EUR/GBP shows a careless drop; attention is on UK employment

Alina Haynes

Sep 13, 2022 11:02

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The EUR/GBP pair displayed a minor pullback on Monday after hitting a four-day low of about 0.8650. After finishing the retreat, it is projected that the cross will start moving downward and that it will quicken its slide after losing the crucial support level of 0.8650. According to incoming job data from the United Kingdom, the asset will probably change.

 

Forecasts indicate that the unemployment rate in the UK will remain at 3.8%. The unemployment rate won't change even if the number of people collecting unemployment benefits will drop by 9.2k. Due to higher payouts in an inflationary environment, the Average Earnings data is the catalyst that families should take into account. The labor cost index would significantly rise from 4.7% to 5%, helping households offset the higher payments brought on by soaring inflation.

 

Additionally, Wednesday's UK inflation figures will be crucial. It is projected that the UK's Consumer Price Index (CPI) will stay over 10% at 10.2%. The Bank of England (BOE) will be forced to raise interest rates as a result. The difference in policy between the Bank of England and the European Central Bank could be made worse by this.

 

The bulls of the single currency must contend with rising energy prices. The quantity of energy needed to run heaters and other heat-generating devices will rise over the upcoming winter season in Europe. As a result, the need for energy will rise even further. The ECB unexpectedly raised interest rates by 75 basis points (bps) last week; this week, it will announce more rate rises as long as price pressures exceed the planned rate.

 

Due to rising energy prices, the corporate sector in the eurozone is going through a period of declining profitability. Major corporations' input costs have increased as a result of rising energy prices, reducing their operating margins and forcing some businesses into bankruptcy. Their financial performance is significantly impacted by rising energy prices and interest rates.

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