UK Inflation Slows, Low Rate Cut Expectations for Tomorrow, U.S. Markets Closed Today
Today lacks significant events apart from the UK inflation data. The UK Consumer Price Index (CPI) confirmed a slowdown to a 2.0% annual increase, as expected. Service inflation slowed to 5.7% from 5.9% but remains high. Expectations for a rate cut by the Bank of England (BoE) at tomorrow’s Monetary Policy Committee (MPC) meeting remain […]
Trading Summary for May 13 – May 17: Total Profit +5,907 USD. USD Plummets on US CPI! How Will the Market React to This Week’s UK, Canada, and Japan CPI Releases?
Trading Summary for May 13 – May 17: Total Profit +5,907 USD The much-anticipated US CPI was calmer than expected, leading to a significant USD selling trend. Although the trade directions were correct, the USD experienced significant volatility immediately after the data release. This resulted in substantial losses as gold and AUD buy positions hit […]
UK food prices rose 14.7% in the past 4 weeks, the highest ever
According to research firm Kantar, UK food prices rose 14.7% in the past four weeks in October. It was the largest increase since statistics began. For the average household, it is estimated to cost an additional £682 a year. The number of households who answered that they are in financial difficulty has increased to 27%. […]
The British Prime Minister and the EU are in a “serious situation” in trade negotiations. The European Parliament has a deadline of 20 days.
British Prime Minister Boris Johnson had a telephone conversation with European Commission President Ursula von der Leyen on the 17th in trade negotiations with the European Union (EU). After the meeting, he expressed concern that the negotiations were in a “serious situation.” “The deadline is approaching,” Johnson said, warning that “it is very likely” that […]
EU diplomat “The unsolved problems in the UK trade negotiations are the same
EU diplomats said the same issues, such as equal competition and fishing, remain unresolved in trade negotiations with Britain. (Source: Reuters) It is unsolved, but the GBP has skyrocketed again, probably because expectations for a solution are rising. Since it has been rising and falling repeatedly, if it stops rising, we are thinking of selling […]
UK-EU negotiations are clogged
position only. The GBP plummeted at the statement of Michel Barnier, who is in charge of Brexit negotiations. GBUSD buying is a stopout. Consider selling new GBPNZD. 〇 UK-EU negotiations are clogged Michel Barnier, the EU’s head of Brexit negotiations, told the EU envoy that discussions were stalled on three major issues: fishing, governance and […]
EU diplomatic sources will explain the situation to tomorrow’s member countries regarding negotiations with the United Kingdom.
Reuters reported that EU Chief Barnier will explain the situation to the member countries tomorrow about the negotiations with the United Kingdom. Information is from EU diplomatic sources. The pound is being bought again in the hope of positive content. (Source: Minkabu) The volatility of European currencies is rising, but this is always the case, […]
UK-EU trade negotiations are expected to resume, aiming for an agreement by mid-November
The UK and the European Union (EU) are expected to resume trade negotiations. There was a positive exchange between the two sides, three people familiar with the talks said. According to the person concerned who stated that the talks were private and anonymous, it may be decided within the next 24 hours. Negotiation officials say […]
“Trade negotiations with the EU are over.
A spokesman for British Prime Minister Johnson “Trade negotiations with the EU are over. Barniers need to come to London next week only if they are ready to discuss all issues related to statutory documents or if they are willing to discuss the practicality of travel / transportation. is there.” The image that further strengthens […]
The pound buying reaction is strengthening, and the UK must immediately terminate trade negotiations with the EU
“We suggest that the UK will not immediately terminate trade negotiations with the EU,” he said in headline news. In response to this, the reaction of buying pounds is increasing. (Source: Bloomberg) In response to this, GBP suddenly rebounded. Currently, the power balance at 15 minutes is GBP = JPY> NZD> AUD> EUR = CAD […]