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January 15th - According to statistics from the China Construction Machinery Association on major truck crane manufacturers, in December 2025, 1,911 truck cranes of various types were sold, representing a year-on-year increase of 38.1%. Domestic sales reached 886 units, a year-on-year increase of 39.1%, while exports totaled 1,025 units, a year-on-year increase of 37.2%. In 2025, a total of 19,974 truck cranes were sold, a year-on-year increase of 1.39%. Domestic sales reached 10,659 units, a year-on-year increase of 1.41%, while exports totaled 9,315 units, a year-on-year increase of 1.37%.On January 15th, Delin Holdings (01709.HK) announced that on January 15, 2026, Delin Securities received conditional approval from the Securities and Futures Commission (SFC) to provide virtual asset advisory services, subject to certain conditions of its existing Type 4 (advising on securities) regulated activity license. On January 15, 2026, Delin Securities accepted the aforementioned conditions and will commence virtual asset advisory services upon receiving formal approval from the SFC. As disclosed in these announcements, Delin Securities will begin providing virtual asset trading services after completing system connection and testing with the SFCs licensed platform, expected to be implemented in February 2026.Brazils National Association of Motor Vehicle Manufacturers: Brazils automobile production in December fell by 15.8% compared to November.BlackRock CFO: Rate cuts are expected to lead to lower yields, creating some of the best investment opportunities for investors.On January 15th, a search of the Apple App Store revealed that the "DeadYet?" app had been removed and could no longer be found or downloaded. Meanwhile, many similar apps appeared, such as "Alive? - DeadYet SMS Version", "DeadYet? Pro", and "DeadYet Drifting Version". On the 15th, the "DeadYet?" app account posted that it had started its daily Weibo check-in for Day 1, with the hashtags "Everything is trivial except life and death" and "Reporting that Im safe," along with a selfie. Additionally, Mr. Lü, the founder of "DeadYet?", added "Decided to make a public appearance" to his WeChat nickname.

GBP/USD falls to around 1.2370 as the BoE considers taking swift action ahead of UK inflation and US purchasing managers' indices

Alina Haynes

Apr 17, 2023 13:53

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On Monday morning, the GBP/USD currency pair retested an intraday low of 1.2390 after extending Sunday's decline from a 10-month high. To provoke adverse after breaking a four-week uptrend, the Cable pair explains the most recent concerns emanating from the United Kingdom (UK) and the optimism surrounding the Federal Reserve (Fed).

 

According to the Financial Times (FT), "The Bank of England is considering a major overhaul of its deposit guarantee scheme, including increasing the amount covered for businesses and compelling banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses."  The revelation fuels banking concerns in the United Kingdom and places pressure on the Cable duo.

 

UK Chancellor Jeremy Hunt's concerns about US subsidies may also be exerting downward pressure on the GBP/USD exchange rate as British firms rush to claim benefits before leaving the country. According to the news, "Chancellor Jeremy Hunt warned Sky News that Britain should be wary of any new subsidies, warning that they could undermine the economy and possibly even spark a protectionist trade war."

 

A larger-than-expected decline in US retail sales was unable to offset positive data from US industrial production and the University of Michigan's (UoM) consumer confidence index from the previous day. Despite this, US retail sales decreased by 1.0% in March compared to the predicted -0.4% decline and February's -0.2% decline. As opposed to the 0.2% market consensus and previous reading, Industrial Production increased by 0.4% in the month in question. The preliminary result of the University of Michigan's (UoM) Consumer Confidence Index for April, which increased to 63.5 from 62.0 analysts' expectations and previous readings, was also encouraging. In addition, inflation forecasts for the next year increased from 3.6% in March to 4.6% in April, while inflation forecasts for the next five years decreased by 2.9% during the same month.

 

Notably, Fed officials have recently appeared more hawkish than their BoE counterparts, which has exerted additional pressure on the GBP/USD exchange rate.

 

In this environment, the S&P 500 Futures exhibit modest gains following Wall Street's pessimistic close, while bond yields remain unchanged following weekly increases.

 

Moving forward, the current week is crucial for GBP/USD speculators as it contains a variety of high-quality inflation, employment, and UK PMI data. These data may be used to support the Bank of England's (BoE) officials' waning hawkish inclination and may keep bears in play. However, the US PMIs and Fed discussions should not be disregarded when looking for clear guidelines.

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