Currently 0.8441
Sellers 0.8450 0.8465 0.8480 0.8500 0.8520 0.8550
Buyers 0.8430 0.8420 0.8410 0.8400 0.8380 0.8350 0.8335
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EURGBP orders 8 October
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- China April data misses badly, Iran war and weak demand weigh. Retail sales growth plunge.
- China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)
- Iran war economic toll deepens as global oil stocks near exhaustion
- Japan's 10-year bond yield hits 1996 high as fresh debt plans emerge. Extra budget coming
- Chinese House Price Index continues to slump: April -3.5% y/y (prior -3.4%)
- PBOC sets USD/ CNY reference rate for today at 6.8435 (vs. estimate at 6.8086)
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Tapestry beats EPS & revenue estimates, lifts guidance. Stock trades at $132.82, down from $148.83.
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China's April retail sales rose just 0.2%, the weakest since 2022, while industrial output grew only 4.1%, badly missing forecasts, as the Iran war and sluggish domestic demand weighed.
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