We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News EUR/GBP tries the breakout to the upside around 0.8370; BOE policy is in focus

EUR/GBP tries the breakout to the upside around 0.8370; BOE policy is in focus

The EUR/GBP pair has broken above the consolidation created between 0.8364 and 0.8374. On account of lower economic statistics, the BOE will likely adopt a less aggressive tone. The preliminary estimate for Eurozone Retail Sales is -1.7%, compared to 0.2% in the previous edition.

Daniel Rogers
2022-08-02
541

截屏2022-08-02 上午9.51.42.png


In early Tokyo, the EUR/GBP pair is attempting the breakout to the higher from the consolidation created between 0.8364 and 0.8374. On a larger scale, the bulls of the shared currency have resisted a recapture of a three-month low at 0.8350. The pre-anxiety period preceding the Bank of England's (BOE) interest rate decision will cause violent fluctuations in the counter.

 

Thursday's interest rate decision by the BOE is anticipated to result in a 25-basis-point increase in interest rates (bps). The decision by BOE Governor Andrew Bailey to raise rates by a quarter-of-a-percent will raise the interest rate to 1.5 percent.

 

Notably, price pressures are greatest in the pound zone, and the BOE has been reluctant to announce interest rate rises. In addition, the BOE is the first central bank to raise interest rates following the outbreak.

 

The inflation rate in the sterling zone has risen to 9.4 percent, and further acceleration to double digits is inevitable given that price pressures have not yet shown signs of abating.

 

Focus is placed on Retail Sales statistics for the eurozone. The early estimate for Eurozone Retail Sales is -1.7%, which is significantly worse than the previous release of 0.2%. Investors must be aware that people in Europe are experiencing the headwinds of increased pricing pressures, which are compelling them to make larger payments despite a little change in amount purchased. Consequently, the Retail Sales figures should be greater. And a lower estimate of economic demand suggests a significant decline in retail demand.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free