EUR/USD 1.03741
-0.225%
Gold 2854.65
-0.782%
Oil 69.851
-0.116%
USD/JPY 150.504
0.467%
GBP/USD 1.25801
-0.156%
GBP/JPY 189.327
0.312%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market News: Rostov, Russia is dealing with a Ukrainian drone attack.According to Japans Kyodo News: The foreign ministers of Japan and Mongolia will hold talks in Tokyo on March 4.On March 1, according to the Wall Street Journal, U.S. Defense Secretary Hegseth had his first call with senior Mexican military officials, but it did not go smoothly. According to people who listened to the briefing of the January 31 conference call, Hegseth told officials that if Mexico did not deal with the collusion between the government and drug cartels, the U.S. military was ready to take unilateral action. These people said that the Mexican senior officials who participated in the conference call were shocked and angry and felt that he was suggesting that the United States take military action in Mexico. Hegseths private warning now hangs over Mexicos trade negotiations with Trump. The concern on the Mexican side is that the request for Mexico to end fentanyl smuggling and immigrant trafficking is quietly supported by potential military action from the United States, not just a 25% tariff, which will weaken the countrys economy.March 1, according to the Associated Press, ordinary Ukrainians expressed support for Zelensky, calling him a defender of national interests. Zelensky had previously had a fierce quarrel with Trump in the White House. Many Ukrainians did not seem to be disturbed by the storm. They said that the Ukrainian leader defended the dignity and interests of the country.According to the Guardian: The unprecedented quarrel between Ukrainian President Zelensky and US President Trump made the front pages of major British newspapers, and all major newspapers unanimously expressed their horror.

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

Alina Haynes

Sep 13, 2022 11:02

截屏2022-09-13 上午9.46.47.png 

 

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.

Suggestion