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British Pound Sentiment Analysis & Outlook: GBP/USD, EUR/GBP and GBP/JPY
EUR/GBP IG Client Sentiment: Our Data Shows Traders Are Now Net-short EUR/GBP for the First Time Since Apr 24, 2024 When EUR/GBP Traded Near 0.86.
ECB Governing Council Wunsch: Inflation prospects are still at risk
European Central Bank Governing Council member Pierre Wunsch still believes consumer prices are at risk, including weakening the euro if the Eurozone's monetary policy deviates too far from the US. Although the Eurozone may start cutting interest rates this year, the Belgian central bank governor is urging caution. He said there are still significant risks to the wage growth trajectory and inflation in wage-intensive services. “This is not the time to commit to a defined course of action,” he said. Speaking at the Central Bank Center in Frankfurt on Wednesday, Wunsch said, “One known unknown factor is still the influence of exchange rates and
German Industry Won't Help Economic Growth in Coming Months -- Market Talk
German industrial production might continue to weaken in the coming months, with incoming orders still subdued, before a mild recovery in the second half of 2024, according to Commerzbank economist Ralph Solveen.
Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation
In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.
ECB's Nagel Says Structural Forces Could Keep Inflation Higher
European Central Bank Governing Council member Joachim Nagel said forces including geopolitics and decarbonization could keep consumer-price growth elevated in the years ahead.