HKDGBP HKD/GBP
- 0.100800
- -0.000100-0.10%
HKD/GBP News
UK's Most Important Market Rate Has Never Been So Stable
The average interest rate that UK banks borrow sterling overnight from other financial institutions at has been unchanged for the longest stretch on record as it converges with the Bank of England’s own policy rate.
Pound Sterling Weakens Amid Uncertainty Ahead of UK Inflation and BoE Outcome
The Pound Sterling (GBP) continues its losing streak for the third trading day against the US Dollar (USD) on Monday.
Hong Kong Census and Statistics Department: In the first quarter, the total income of Hong Kong residents increased by 9.6% year-on-year to 831 billion Hong Kong dollars.
In the first quarter of 2024, the total income of Hong Kong local residents (referring to the total income earned by Hong Kong residents through various economic activities) calculated at the then market price increased by 9.6% to HKD 831 billion, compared to the same period last year.
Hong Kong Exchanges and Clearing Limited has proposed five policy recommendations to promote the dual growth of liquidity and efficiency in Hong Kong's capital markets.
According to the Zhongtong Finance APP, on June 17th, Hong Kong's Financial Services and the Treasury Bureau released a research report entitled "Promoting Dual Growth of Liquidity and Efficiency: Optimizing Hong Kong's Securities Trading Mechanism and Market Operations".
United Kingdom's central bank: Even if inflation falls, more British people predict a rate hike rather than a rate cut.
Although the United Kingdom's inflation expectations have dropped to 2.8%, the lowest since August 2021, the public is not yet convinced that interest rate cuts are underway.
Britons Expect Rate Rises Even as Inflation Falls, BOE Says
UK inflation expectations fell to the lowest in three years, but the public is yet to be convinced interest-rate cuts are under way.
Inflation pressure still exists. The Bank of England is expected to continue to hold steady next week.
For British Prime Minister Sunak, the hope that the Bank of England will cut interest rates before the election may be dashed because inflationary pressures in the UK appear to be too great for the Bank of England to cut rates at its policy meeting on June 20.
Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts
The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by
Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.
Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.
UBS Now Sees Bank of England Starting to Cut Rates in August Vs. Earlier View of June
UBS said it shifted its call for the first Bank of England (BoE) rate cut from June to August, implying no change from the Monetary Policy Committee (MPC) at the next meeting on June 20.
Pound Sterling Edges Higher After April GDP Stalls in Line With Expectations
Pound sterling edged higher against a softer US dollar and rose against some other major currencies in early European trade on Wednesday after government data showed the UK economy stalling in line with expectations in April.
U.K. Is Growing, Though Trend Is Unclear -- Market Talk
The U.K. is likely to grow over the second quarter despite stagnation in April, ING economist James Smith writes in a note.
Pound Sterling Steadies After UK GDP Data Shows Economy Stalled in April
The Pound Sterling (GBP) rallies to near 1.2850 against the US Dollar (USD) in Wednesday’s New York session.
UK Economy Stalled in April After Wet Weather Held Back Retail
A rebound from last year’s recession appears to be losing momentum after the highest interest rates in 16 years continued to weigh down the finances of both businesses and consumers.
UK GDP Arrives at 0% MoM in April, as Expected
The UK economy stalled in April, with GDP arriving at 0% after expanding 0.4% in March, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. Markets expected no growth in the reported period.
In May, 50,000 people were laid off in the United Kingdom, but the salary increased to 5.9%, making the outlook for the Bank of England's interest rates more complex.
In May, the United Kingdom laid off 50,000 people, and the unemployment rate rose to 4.4%. The average income, including bonuses, increased from 5.7% to 5.9%. The Bank of England will formulate policies next week, and may lay the foundation for economic recovery by reducing interest rates in the second half of the year as overall inflation decreases.
As of April, the United Kingdom's unemployment rate for the first three months is 4.4%, the highest in two and a half years.
As of April, the UK's unemployment rate for the three months unexpectedly rose to the highest level in more than two and a half years, while the pressure for pay rises in the private sector eased, further proving that inflationary forces are weakening. The UK's National Statistics Office said on Tuesday that the unemployment rate rose to 4.4% in the three months to April, the highest level since mid-2021. The average weekly wage growth in the private sector was 5.8%, the lowest level in two years, despite a nearly 10% increase in the minimum wage. These data give hope to policymakers at the Bank of England that they may begin to cut interest rates at the end of this summer, led by Governor Andrew Bailey and other officials.
UK Unemployment Rises in Sign Inflationary Pressures Cool
Job vacancies dropped by 12,000 in the quarter to 904,000, the 23rd consecutive fall. That’s still above levels before the Covid-19 pandemic hit.
UK Unemployment Rate Rises to 4.4% in Quarter to April Vs. 4.3% Expected
The UK Unemployment Rate rose to 4.4% in three months to April.
Pound Sterling Falls as Traders Rollback Fed Rate-cut Bets
The Pound Sterling (GBP) seems vulnerable against the US Dollar (USD), slightly below the round-level support of 1.2700 in Monday’s New York session.