EUR/USD 1.14069
-0.126%
Gold 3984.85
-0.564%
Oil 69.691
-0.286%
USD/JPY 162.739
0.109%
GBP/USD 1.32376
-0.168%
GBP/JPY 215.434
-0.057%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Decision Desk HQ predicts that Melat Kiros will defeat incumbent Representative Diana DeGette to win the Democratic primary in Colorado’s 1st Congressional District.Citigroup projects that the average price of TTF natural gas will be €36.5 per megawatt-hour (US$12.4 per million British thermal units) in the second half of 2026, JKM liquefied natural gas will be US$13.5 per million British thermal units, and Henry Hub natural gas will be US$3.2 per million British thermal units.On July 1st, the "Implementation Plan of Guangzhou Municipality for Strengthening and Optimizing the Tax Refund Policy for Outbound Tourists" was released for public comment. The plan includes increasing the coverage of tax refund shops. It encourages more qualified shops to register as tax refund shops, continuously optimizing spatial layout. Building on full coverage in all 11 districts, it will continue to promote the addition of tax refund shops in various key inbound consumption venues, focusing on expanding to key commercial districts, scenic spots, markets, and ports with high concentrations of overseas tourists, as well as shops with distinctive local characteristics, high-quality brands, time-honored enterprises, tourist attraction shops, souvenir shops in cultural and museum sites, shopping shops in theme parks, and shops around international sports stadiums. A one-time reward will be given based on tiers for shops that issue 50 or more single applications for tax refunds or "instant refund" within each six-month period.Li Auto: Delivered 30,895 new vehicles in June. As of June 30, 2026, cumulative deliveries reached 1,733,687 vehicles. As of June, cumulative production of the Li i6 exceeded 150,000 units. The all-new Li L6 is expected to launch in July 2026.Li Auto delivered 30,895 vehicles in June.

Despite the fact that Eurozone interest rates are anticipated to peak sooner, the EUR/GBP looks to have breached over 0.8630

Daniel Rogers

Dec 07, 2022 15:12

 EUR:GBP.png

 

The EUR/GBP pair has had a stronger recovery from 0.8580 during the Asian session, approaching the pivotal 0.8630 level. Despite the European Central Bank (ECB) being close to reaching an interest rate high, there has been strong demand for Euro bulls. Thus, the monetary policy meeting scheduled for next week will be of utmost significance.

 

The cross is attempting to break strongly above the significant barrier of 0.8630 for the fourth time this week. The hawkish remarks made by ECB policymakers are holding back the euro bulls.

 

"There will be another rate hike," said Constantinos Herodotou, governor of the Central Bank of Cyprus, "but we are very near to neutral." The European Central Bank's chief economist, Phillip Lane, is unsure as to whether the inflation peak has already occurred or will take place in 2019. He stated that although "much has already been done," he does not rule out more rate increases.

 

Investors are currently looking forward to Christine Lagarde's speech, which will be revealed on Thursday. The ECB President is likely to lower her inflation projection in her future statement in light of the poor retail sales numbers.

 

In contrast to expectations for a 1.7% loss, this week's Eurozone retail sales numbers showed a 1.8% decline. Aside from that, annual economic data contraction came in at 2.7% as opposed to the 2.6% consensus expectation. A decline in household demand demonstrates the effectiveness of the European Central Bank's (ECB) policy tightening initiatives. To reach their sales targets, firms could feel pressured to lower the prices of their products and services.

 

The United Kingdom's deteriorating food crisis, brought on by growing costs and a labor shortfall, has had an impact on the Pound Sterling. According to Minette Batters, president of the National Farmers Union, "the government and the entire supply chain must act swiftly." The Financial Times stated that "tomorrow might be too late." The economy already faces rising food inflation, and the issue with the supply of food will make matters worse.


Suggestion