EUR/USD
1.14194
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Gold
4050.73
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79.591
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162.240
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GBP/USD
1.33870
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GBP/JPY
217.196
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Real-time News
On July 15th, Bank of England Governor Andrew Bailey delivered a speech at the City of Londons annual dinner, warning against calls for a complete deregulation. A year earlier, Chancellor of the Exchequer Reeves, at the same event, likened cumbersome regulations to a yoke around the necks of businesses. Bailey stated that well-designed regulations are crucial to supporting economic growth. "Simply advocating for less regulation is a simplistic and unhelpful approach," he added, noting that UK economic activity is currently in a rather weak environment. Following Baileys speech, Reeves will also deliver a speech at the same event, potentially her last major address as Chancellor. Andy Burnham, expected to succeed Keir Starmer as Prime Minister next week, will replace Reeves. Bailey stated that the Bank of Englands current regulations are not without flaws. "Simply advocating for more or less is not a reasonable position in itself." In his speech, Bailey also reiterated his call for a more cooperative approach from the United States in addressing the risks of new artificial intelligence models. He stated, "We need stronger coordination in testing cutting-edge models before their widespread adoption. This needs to be done at the international level."The API crude oil inventory data for the week ending July 10 will be released in ten minutes.UK Chancellor of the Exchequer Reeves: The UK will issue its first digital sovereign bond in early 2027.The Dow Jones Industrial Average rose 10.02 points, or 0.02%, to close at 52,508.66 on Tuesday, July 14; the S&P 500 rose 28.55 points, or 0.38%, to close at 7,543.89; and the Nasdaq Composite rose 233.83 points, or 0.90%, to close at 26,107.01.July 15 - Data from the U.S. Treasury Department shows that Japan held $1.143 trillion in U.S. Treasury bonds in May, down from $1.210 trillion in April; the UK held $949 billion in U.S. Treasury bonds in May, up from $938 billion in April; and China held $659 billion in U.S. Treasury bonds in May, up from $651 billion in April.
