EUR/USD 1.15165
-0.111%
Gold 4514.26
3.079%
Oil 97.553
5.279%
USD/JPY 160.141
0.248%
GBP/USD 1.32713
-0.430%
GBP/JPY 212.533
-0.180%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 29th, Fox News released a poll showing that nearly two-thirds of American voters surveyed are dissatisfied with President Trumps administration, the highest disapproval rate during his two terms. The conservative media outlets poll of 1,001 registered voters showed a 59% disapproval rate for Trump, an 8-point increase from a year ago, marking not only the highest disapproval rate since the start of his second term but also surpassing the record set during his first term; the approval rating, however, fell from 49% a year ago to 41%. The poll randomly sampled respondents from the U.S. voter registration list. Among Republican supporters, Trumps approval rating was 84%, down 8 percentage points from the same period last year, the lowest since the start of his second term. His disapproval rates among Democratic voters and independent voters reached 95% and 75%, respectively.Ukrainian President Zelensky: I have arrived in Jordan for an “important meeting”.On March 29th, amidst the global energy crisis and soaring fuel prices, Egyptian Prime Minister Madbouly announced on the 28th a series of energy-saving measures to cope with the impact. Egypt will slow down the implementation of large-scale national projects involving high gasoline and diesel consumption for at least two months, while reducing fuel rations for all government vehicles by 30%. Madbouly also stated that, except for the service and manufacturing sectors, Egypts public and private sectors will implement remote work every Sunday in April, the first working day of each week. Given Egypts heavy reliance on energy imports, the government had previously raised fuel prices and public transportation fares to cope with global energy market volatility.March 29th - According to disclosures by the Hong Kong Stock Exchange, Manycore Tech Inc., a space intelligence unicorn company, updated its post-hearing information set, signifying that the company has successfully passed the Hong Kong Stock Exchanges listing hearing. JPMorgan Chase and CCB International are the joint sponsors for this IPO. If the listing is successfully completed, Manycore Tech will become the "worlds first listed space intelligence company," and also the first of the "Six Little Dragons of Hangzhou" to complete an IPO.March 29th - Starting today (March 29th), many European countries have begun observing daylight saving time, meaning that trading hours in European financial markets will be one hour earlier than during winter time. Specifically, starting next Monday, European stock trading hours will be 15:00-23:30 Beijing time. The release times of economic data from various European countries will also be one hour earlier than during winter time. Please take note.

Weighing in at around 0.8470, the Euro is weak against the Pound before the release of UK GDP figures

Alina Haynes

Aug 12, 2022 12:06

 截屏2022-08-12 上午9.49.50.png

 

Since last Thursday, the Euro to Pound exchange rate has been unable to break beyond the 0.8465 barrier. The asset is expected to behave erratically as investors wait for data on the UK's gross domestic product (GDP). On August 1st, the cross hit a three-month low of 0.8340 and has since rallied strongly.

 

In contrast to the 0.8% growth seen in the first quarter of CY2022, preliminary estimates show that the UK GDP shrank by 0.2% in the second quarter. It is also expected that annual data would drop to 2.8% from 8.7% in the previous report. If the growth rate is falling, it means that aggregate demand for goods and services has dropped sharply, which has dampened economic activity.

 

The United Kingdom's GDP predictions have been reduced due to rising price pressures and a contained Labor Cost Index. Mounting payouts act as a headwind for families already struggling to make ends meet in the face of rising cost constraints. In addition, they have decreased their demand because of the low AVERAGE HOURLY WAGE.

 

Data on manufacturing output is also expected to be subpar. From the prior 2.3% annual report, we expect a drop to 0.9%. There is also an expectation that the monthly numbers will indicate a drop of 1.8% from the earlier figure of 1.4%.

 

Industrial production figures for the Eurozone will be released by Eurostat, and they are expected to fall 0.2% month-on-month and 0.8% annually.


Suggestion