Wang Yida: Sterling Rate Hike Failed, Euro GDP Released

According to the data released by P < a href= "http://www.91se91.com/news/index_cj.asp" > British Statistical Bureau < /a > (ONS) on Wednesday, the ILO unemployment rate in the three months from March to 6.8% was in line with the expected value of 6.9%.

From the United Kingdom to three months in March, the number of unemployed ILO decreased by 133 thousand and the former value decreased by 77 thousand.

The data also showed that the unemployment rate in Britain in April was 3.3%, which was in line with the expected value of 3.4%. The number of applications for unemployment benefits in the UK decreased by 25 thousand and 100 in April, with an expected reduction of 30 thousand and a 30 thousand and 600 reduction in the former value.

However, Britain's wage growth is still slow.

Data show that the average wage in the three months of March to the United Kingdom, including dividends, increased by 1.7%, less than expected growth of 2.1%, and the former value increased by 1.7%. From March to March, the average annual wage growth excluding dividends was 1.3%, with an expected growth of 1.5% and a 1.4% increase in the previous value.

Although the unemployment rate has dropped to a new low in recent years, the slow pace of wage growth apparently worries the Bank of England to maintain its historical position.

The Bank of England released its two quarter inflation report on days, emphasizing the need to further reduce idle capacity before raising interest rates.

It also reveals that despite the improvement in the UK economy, the central bank is still not in a hurry to raise interest rates.

This also disappointed the pound, and the pound / dollar plunged to a minimum of 1.6759, breaking a nearly 1 month low.

The Bank of England said in its report that "the UK economy is returning to its normal level. It is expected that GDP will grow by 3.4% in 2014, and it will increase by 2.9% in 2015 and 2.8% in 2016" in 2014.

"The idle capacity is a highly uncertain data, but the central bank considers it to be in the range of 1% to 1.5%," he said.

The US dollar daily chart has not yet risen, and the trend is below 1.6700. Further progress will be made. 1.6620 of the resistance will be seen in the early morning of 1.6850,1.6920.

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< p > EU statistics bureau will announce the first quarter GDP data in May 15th.

It is widely expected that the euro zone's economic growth in the first quarter will be the fastest in three years. According to the median forecast of 40 economists accepted by Bloomberg survey, GDP will grow 0.4% in the first quarter of the euro area.

This increase was two times the previous quarter and the highest level since the beginning of 2011.

The euro zone economy has been out of the longest recession in history in the second quarter of last year.

But some big international banks say this may not prevent Delaki, President of the European Central Bank (ECB), from loosening monetary policy. "Super Mario" still appears to launch a series of policies, such as "a href=" http://www.91se91.com/news/index_cj.asp "," interest rate cut /a ", negative deposit interest rate and quantitative easing (QE).

The European Central Bank (ECB) has been holding back on its interest rate resolution last Thursday (May 8th).

Mario Draghi, the European central bank governor, said at a news conference after the meeting that the Central Committee of the central bank was "not satisfied with the prospect of long-term low inflation" and may take measures at the June meeting to boost inflation.

Delaki (Mario Draghi) is now making every effort to prevent sustained low price growth, leaving the recovery of the euro zone out of orbit before the growth trend is really established.

His speech last week about the willingness of central bank officials to take action in June shows that the new policy to deal with the current situation is expected to come out soon.

Judging from market expectations, though analysts are optimistic about today's GDP data in the euro area.

But it is foreseeable that unless the data is substantially better than expected, it may still not be a hindrance to the ECB's easing action in April.

So for the euro, even if the data meet expectations or slightly exceed expectations, it will be a boost for the first time, but whether it can continue to rise after that may still be questioned.

European and American support is seen in 1.3660,1.3590 resistance and is found in 1.3785,1.3860 < /p >

< p > a href= "http://www.91se91.com/news/index_cj.asp" > Australian dollar < /a > almost ignores the weak housing market statistics released by the Australian Statistical Bureau and the weak Chinese data on Tuesday.

The economic report has not changed the upward trend of the Australian dollar, which is benefiting from the decline in US bond yields.

The Australian dollar is virtually not affected by the budget.

The market has been expecting Australian dollar volatility to remain low, and it is expected that the rise of the Australian stock market will raise investor demand for high yield and high-risk assets, and the risk currency Australian dollar has been boosted.

The market bet that the RBA will start raising interest rates in the fourth quarter of this year and raise interest rates again at the beginning of next year will also enhance the market's confidence in the Australian dollar.

The data show traders expect the RBA to raise interest rates by 11 basis points in the coming year.

Although the budget announced by the Australian government may lead to substantial budget cuts and a sharp increase in the number of layoffs, this expectation has not changed.

Australia and the United States support in 0.9305,0.9240 resistance seen in 0.9435,0.9500 < /p >