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BoE's Pill: MPC overall believes UK monetary policy is still restrictive
Bank of England (BoE) Chief Economist Huw Pill said on Friday that they need to question whether the recent pace of rate cuts is sustainable if price and wage-setting behaviour changes, per Reuters.
Fxstreet
Fri, Aug 8
India Bank Loan Growth up to 10% in July 21 from previous 9.8%
India Bank Loan Growth up to 10% in July 21 from previous 9.8%
Fxstreet
Fri, Aug 8
SEK seen outperforming NOK as geopolitical risk fades – ING
Scandinavian currencies should also do well if geopolitical risk is priced out, with Sweden's krona likely better positioned than Norway's krone due to opposite exposures to energy prices, ING's FX analyst Francesco Pesole notes.
EUR/SEK
USD/NOK
USD/SEK
Fxstreet
Fri, Aug 8
EUR: Markets to tread carefully on Ukraine truce hopes – ING
After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a truce is, ING's FX analyst Francesco Pesole notes.
EUR/USD
Fxstreet
Fri, Aug 8
Hawkish interest rate cut by the Bank of England – Commerzbank
Ultimately, the Bank of England delivered on the promise of an exciting decision, Commerzbank's FX analyst Michael Pfister notes.
GBP/USD
Fxstreet
Fri, Aug 8
German 2-year yields set for weekly rise as traders unwind bets on ECB cuts
BoE's hawkish cut supports euro zone short-dated yieldsTraders return to pricing 80% chance of a March 2026 ECB cutBarclays sees lower US yields after recent dataItalian-German spread hits fresh 15-year lowBy Stefano Rebaudo Aug 8 (Reuters) - Germany’s two-year government bond yields were set...
Reuters
Fri, Aug 8
China narrows gap with US as Germany’s biggest trading partner
U.S. tariffs take their toll on German exportsChinese imports surge with yuan undervaluation, say analystsGerman exports to China decline, leading to record trade deficitBy Rene Wagner and Maria MartinezBERLIN, Aug 8 (Reuters) - China came close to overtaking the United States as Germany's large...
Reuters
Fri, Aug 8
Portugal Global Trade Balance fell from previous €-3.217B to €-8.598B in June
Portugal Global Trade Balance fell from previous €-3.217B to €-8.598B in June
Fxstreet
Fri, Aug 8
Portugal Global Trade Balance: €-2.348B (June) vs €-3.217B
Portugal Global Trade Balance: €-2.348B (June) vs €-3.217B
Fxstreet
Fri, Aug 8
CNY: A deviation from the fix – Commerzbank
Although the Chinese central bank's fixing today would suggest a slightly stronger CNY against the US dollar, the CNY is once again slightly weaker than yesterday. This continues a trend that began last month.
USD/CNH
Fxstreet
Fri, Aug 8
Greek industrial output rises 0.5% y/y in June
Aug 8 (Reuters) - Greek industrial output rose by 0.5% year-on-year in June, after a 2.0% drop in May, data from statistics service ELSTAT showed on Friday.A breakdown of index components showed manufacturing production rose 2.4% from the same month in 2024. Electricity output was dropped by 7.2% ye...
Reuters
Fri, Aug 8
Greek EU-harmonised inflation rises to 3.7% y/y in July
Aug 8 (Reuters) - Greece's annual EU-harmonised inflation accelerated to 3.7% in July from 3.6% in June, data showed on Friday.Month-on-month consumer inflation fell 0.3%The cost of food and non-alcoholic beverages rose 3.7% year-on-year in July, with prices of clothing and footwear up by 8.6%th...
Reuters
Fri, Aug 8
Greece Consumer Price Index - Harmonized (YoY) increased to 3.7% in July from previous 3.6%
Greece Consumer Price Index - Harmonized (YoY) increased to 3.7% in July from previous 3.6%
Fxstreet
Fri, Aug 8
Greece Industrial Production (YoY) rose from previous -2% to 0.5% in June
Greece Industrial Production (YoY) rose from previous -2% to 0.5% in June
Fxstreet
Fri, Aug 8
Greece Consumer Price Index (YoY) climbed from previous 2.8% to 3.1% in July
Greece Consumer Price Index (YoY) climbed from previous 2.8% to 3.1% in July
Fxstreet
Fri, Aug 8
Taiwan July exports post fastest growth in 15 years on strong tech demand
Exports +42% y/y, fastest pace in 15 yearsExports to U.S. +62.8% y/y (prior month +90.9%)Exports to China +23.9% y/y (prior month +13.1%)August exports seen up 17%-22% y/yUncertainty of policy changes, geopolitical risks need monitoring, ministry saysBy Faith Hung and Emily ChanTAIPEI, Aug 8 (Reuter...
Reuters
Fri, Aug 8
China's car sales growth slows in July, with weaker hybrid demand
SHANGHAI, Aug 8 (Reuters) - China's car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world's biggest auto market crack down on a price war that has bruised the industry.
Reuters
Fri, Aug 8
China's car sales growth slows in July, auto industry group data shows
SHANGHAI, Aug 8 (Reuters) - China's car sales growth slowed in July, as the world's largest auto market navigates uneven fortunes of major automakers amid tougher regulations against a bruising price war.Sales rose 6.9% in July from a year earlier to 1.85 million cars, versus an 18.6% increa...
Reuters
Fri, Aug 8
GRAPHIC -EM central banks plough on with easing in July as major peers linger
Six meetings across G10 central banks in July, no movesSeven major EM central banks deliver 625 bps in rate cutsBig cuts in Turkey, Russia lead EM easing push By Karin Strohecker and Sumanta Sen LONDON, Aug 8 (Reuters) - Emerging market central banks implemented their largest rate-cutting push in...
Reuters
Fri, Aug 8
Austria Industrial Production (YoY) increased to 0.6% in May from previous -0.1%
Austria Industrial Production (YoY) increased to 0.6% in May from previous -0.1%
Fxstreet
Fri, Aug 8
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