EUR/USD 1.04603
-0.389%
Gold 2934.64
-0.152%
Oil 70.150
-3.276%
USD/JPY 149.130
-0.358%
GBP/USD 1.26302
-0.299%
GBP/JPY 188.355
-0.626%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
SK Group Chairman Choi Tae-won: Artificial intelligence and energy have now become the core of global change. Cooperation among South Korea, the United States and Japan in this regard is not an option but a necessity.February 23 news, the 2025 Spring Festival travel season will start on January 14 and end on February 22. As one of the most important and convenient channels for exchanges between the people on both sides of the Taiwan Strait, the Xiamen-Jinmen "mini three links" passenger route has a total of 942 flights during the Spring Festival travel season, transporting more than 180,000 passengers, an increase of 50% and 43.4% year-on-year respectively.On February 23, during the 40 days of the Spring Festival (January 14 to February 22, 2025), the cross-regional flow of people in the whole society was 9.02 billion, an increase of 7.1% over the same period in 2024. Among them, the railway passenger volume was 510 million, a year-on-year increase of 6.1%; the highway passenger flow was 8.39 billion, a year-on-year increase of 7.2% (of which 7.17 billion people drove themselves, accounting for 79.4% of the total cross-regional personnel volume in the whole society, and the highway commercial passenger volume was 1.22 billion); the water passenger volume was 31.21 million, a year-on-year increase of 7.6%; the civil aviation passenger volume was 90.2 million, a year-on-year increase of 7.4%.On February 23, AFP quoted British Foreign Secretary Lamy in a statement issued on Sunday as saying: "Tomorrow (Monday) I will announce the biggest sanctions against Russia since the first few days of the (Ukrainian) conflict." Earlier, the Daily Telegraph quoted British government sources as saying that Britain will announce new aid to Kiev and sanctions against Russia on February 24.According to RIA Novosti: The Russian Defense Ministry said that Russian air defense forces destroyed 20 Ukrainian drones overnight.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

 EUR:GBP.png

 

The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


Suggestion