British pound counterattack, European stocks rose sharply!Can the Bank of England speak urgently, can it appease the market?

On September 27, the British pound rebounded. As of press time, the GBP/USD increased by 1.11%to USD 1.08091. In addition, the US dollar index fell 0.56%to 113.46.

In terms of European stocks, the three major European stock indexes rose across the board. As of press time, the German DAX index rose 174.7 points, an increase of 1.43%to 12402.62 points. The British FTSE 100 index rose 50.63 points, an increase of 0.72%to 7071.58 points. The French CAC40 index rose 83.22 points, an increase of 1.44%to 5852.61 points.

In terms of crude oil, WTI crude oil futures rose 2.05%to $ 78.28/barrel. Brent crude oil futures rose 1.74%to $ 84.3/barrel.

On the news, according to the First Financial Report, the Bank of England issued an emergency statement on Monday afternoon local time: "In view of the major re -pricing of financial assets, the Bank of England is closely monitoring the development of the financial market." Essence

With the refreshing historical level of the pound, the market began to speculate that the Bank of England may be forced to further tighten the monetary policy to support the British exchange rate. In the British Central Bank's interest rate futures market, there are even funds that Britain will even pay a significant interest rate hike at the next interest rate conference.

British President Belly said in a statement that he welcomes the British government to commit sustainable economic growth and play the role of the budget responsibility office when evaluating the economic and public fiscal prospects.

Bailey said that the Central Bank Monetary Policy Commission (MPC) clearly stated that it will comprehensively evaluate the impact of government announcements and the depreciation of British pounds on demand and inflation at the next meeting, and take corresponding actions. "The Monetary Policy Committee will change interest rates without hesitation, so that inflation can sustainly restore 2%of the target in the medium term."

In addition, the UK will announce the final value of the GDP (GDP) in the second quarter this Friday. If the value is repaired, it will mean that the British economy will fall into a technical recession. At that time, the Bank of England will face greater policy pressure.

Image source: Visual-VCG31N1427675788

In addition, according to CCTV News, it was quoted on September 26 local time, and the international rating agency's S & P increased from 0.3 percentage points to 3.4%of the GDP in 2022, but the economic growth in Italy in 2023 was lowered from 2.1%to the positive to positive to the positive to 2.1%to the positive to the positive to 2.1%to A negative increase of 0.1%.

In addition, S & P believes that the economic growth of the entire euro zone is about to slow down, because the trade conditions have deteriorated unprecedentedly, inflation has risen to a record level, and confidence is at a historical low.

It is worth mentioning that according to CCTV News reported on September 27, the German Institute of Economics in Germany released a monthly report on September 26, showing that the German business prosperity index fell sharply by 4.3 points to 84.3 o'clock from the previous month, which was 2020 The lowest value since May exceeds market expectations.

The Director of the Institute of Economic Research Fest said that the German economy was declining.

The report also shows that the interviewed enterprises are "not optimistic" about the current status and future development of the industry; investigations such as manufacturing, service industry, trade and construction industry generally believe that economic prospects are worse than expected in August.

Some economic analysts believe that from a short period of time, natural gas prices and consumer price index are high, coupled with factors such as blocking chain, geopolitical risks, and multi -national interest rate hikes, there are no signs that the German economy will improve quickly.

Daily Economic News Comprehensive CCTV News, First Finance

The content and data of this article are for reference only, and do not constitute investment suggestions. Based on this, the risk is on its own.

Daily Economic News

- END -