The post British Pound holds near one-month top vs weak JPY, below 215.00 appeared on BitcoinEthereumNews.com.
The GBP/JPY cross attracts some follow-through buyers at the start of a new week and climbs to a one-month peak during the early European session. Spot prices, however, remain below the 215.00 psychological mark. Moreover, the mixed fundamental backdrop warrants some caution before positioning for any further appreciating move. Data released earlier today showed that Japan’s corporate Capital Spending flatlined in the first quarter, falling short of market expectations and marking a sharp deceleration from the 6.5% YoY rise seen in the final quarter of 2025. This comes on top of economic concerns stemming from the Middle East conflict and the continued energy supply disruption through the Strait of Hormuz, which undermines the Japanese Yen (JPY) and acts as a tailwind for the USD/JPY pair. Meanwhile, traders pushed back expectations for the likely timing of the next interest r
The post British Pound: UK faces tighter policy and sticky inflation – BNP Paribas appeared on BitcoinEthereumNews.com.
BNP Paribas expects UK economic growth to slow to 0.7% in 2026 from 1.4% in 2025, with quarterly momentum dropping to about 0.1%. Inflation is projected to rise to 3.4% before easing only gradually, keeping it above the BoE target. Monetary policy is seen tightening by 50 bps in 2026, while 10-year gilt yields stay elevated before falling to 4.30% in 2027. Growth slowdown and delayed relief for gilt yields “Economic activity is expected to slow down in 2026, with growth limited to 0.7% after 1.4% in 2025; following a forecasted +0.4% q/q in Q1, the average quarterly pace would fall to around +0.1%.” “This slowdown would occur against a backdrop of renewed inflationary pressures triggered by the war in Iran: inflation would reach 3.4% y/y before easing only gradually to 3.23% y/y in 2027, remaining well above BoE’s target.” “In this context, and contrary to the initial
The post Iran’s Baghaei: Constant change of US positions and Israel-Lebanon conflicts cause delay in deal appeared on BitcoinEthereumNews.com.
Iran’s Foreign Ministry spokesperson Esmail Baghaei said in the European session on Monday that ‘aggressive action’ by the United States (US) is a ceasefire violation, and it led Iranian armed forces to target positions from which US attacks originated. On Israel-Lebanon conflicts, Iran’s Bahgaei said, “Ceasefire in Lebanon is integral part of any agreement to end war with US.” Bahgaei also condemned Washington’s revised terms of a peace deal, warning that they are causing a delay in the deal’s finalization. “Lack of trust, constant change of positions by US and Israeli actions in Lebanon are causing delay in diplomatic process,” Baghaei said. Regarding Iran’s attacks on Kuwait, Baghaei said, “Kuwait should clarify as soon as possible the situation of four detained Iranian citizens.” Meanwhile, Kuwait’s Foreign Ministry also condemned Iranian at
The post British Pound rises even as BoE’s Bailey signals no rush for interest rate hikes appeared on BitcoinEthereumNews.com.
The British Pound (GBP) trades higher against its major currency peers, but is broadly flat around 1.3455 against the US Dollar (USD), during the European trading session on Monday. The United Kingdom (UK) currency gains even as Bank of England (BoE) Governor Andrew Bailey has signaled that the central bank does not need to rush for interest rate hikes, while warning that the Middle East conflict-led shock has raised concerns over the economic outlook. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.00% -0.08% 0.13% 0.13% 0.04% 0.34% 0.27% EUR -0.01% -0.08% 0.09% 0.14% 0.08% 0.34% 0.25% GBP 0.08% 0.08% 0.17% 0.19% 0.10% 0.39% 0.31% JPY -0.13% -0.09% -0.17% 0.02% -0.07% 0.23% 0.
SoftBank's rise signals a shift in Japan's corporate landscape, emphasizing AI and tech over traditional manufacturing as future growth drivers.
The post SoftBank surpasses Toyota to become Japan’s largest company by market cap appeared first on Crypto Briefing.
SoftBank's dominance in AI investments highlights the potential volatility and influence of tech giants on market indices and investor strategies.
The post Nikkei tops 67,000 on AI boost as SoftBank becomes Japan’s most valuable firm appeared first on Crypto Briefing.
SoftBank's dominance in AI investments highlights the potential volatility and influence of tech giants on market indices and investor strategies.
The post Nikkei tops 67,000 on AI boost as SoftBank becomes Japan’s most valuable firm appeared first on Crypto Briefing.
The post Euro holds losses against British Pound after Germany’s Retail Sales data appeared on BitcoinEthereumNews.com.
The EUR/GBP cross trades in negative territory near 0.8655 during the early European trading hours on Monday. The Euro (EUR) remains weak against the British Pound (GBP) following the upbeat German Retail Sales data. The preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone will be released on Tuesday. Data released by Destatis on Monday showed that German Retail Sales, a key measure of consumer spending, fell 0.3% MoM in April. This figure followed a fall of 0.3% (revised from -2.0%) and came in better than the market expectation of a 0.4% decrease. On an annualized basis, Retail Sales dropped 0.3% in April, versus the prior release of a 0.2% decline (revised from -2.0%). The German economic data fails to boost the EUR in an immediate reaction. On the UK’s front, BoE governor Andrew Bailey said on Friday that the UK central bank
