AFP – The United States is considering extending its travel ban to 36 more countries, a person who has seen the memo said on 16 June, marking a dramatic potential expansion of entry restrictions to nearly 1.5 billion people.
Trump Mulls Extending Travel Ban to 36 More Nations

Etiqa Insurance Singapore Extends Support to Customers Impacted by Jetstar Asia’s Impending Closure
Goodwill coverage for affected travel insurance customers includes extending claim submission period from 30 to 90 days to help customers better manage their travel disruptions
SINGAPORE – Media OutReach Newswire – 17 June 2025 – On 16 June 2025, Etiqa Insurance Singapore announced its commitment to supporting its travel insurance customers who have been affected by the impending closure of Jetstar Asia’s operations. Recognising the disruption and inconvenience this situation has caused for many travellers, Etiqa Insurance Singapore will extend coverage for eligible travel insurance customers with affected Jetstar Asia bookings. While airline cessation of operations is not typically covered by travel insurance policies, Etiqa Insurance Singapore is extending its coverage as a gesture of goodwill to alleviate the financial burden on its valued customers.
Etiqa Insurance Singapore customers who have purchased single-trip or annual travel insurance plans before 8.00 a.m. on 11 June 2025 can claim for non-refundable expenses related to pre-booked accommodation, local transportation, and activities during their trip, subject to applicable limits and criteria. To enhance customer support, the company has also extended the claim submission period from 30 to 90 days, allowing customers additional time to review their travel plans and submit their claims when they are ready.
“At Etiqa Insurance Singapore, we understand the stress and uncertainty that the impending Jetstar Asia closure has brought to customers. We hope this goodwill gesture helps ease challenges faced by those with disrupted travel plans,” said Raymond Ong, Chief Executive Officer, Etiqa Insurance Singapore. “We want to assure our customers that we remain committed to being ‘With You’ throughout their journeys, especially during unexpected situations. “Our team is committed to providing the support and assistance our customers need to manage their travel plans with confidence and peace of mind”.
Affected customers can contact Etiqa’s Customer Care Officers via WhatsApp / Call at +65 6887 8777 or email customer.service@etiqa.com.sg for assistance and/or clarifications on their coverage.
Hashtag: #EtiqaInsurance
The issuer is solely responsible for the content of this announcement.
About Etiqa Insurance Pte. Ltd. (Etiqa Insurance Singapore)
Protecting customers since 1961, Etiqa Insurance Singapore is a licensed life and general insurance company regulated by the Monetary Authority of Singapore (MAS) and governed by the Insurance Act 1966. The local insurer is the Singapore operating entity of Etiqa Insurance Group – a leading insurance and Takaful business in ASEAN offering life and general insurance and family and general Takaful products through its agents, branches, offices and bancassurance network in the region. Etiqa Insurance Singapore is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile and ‘Very Strong’ capitalisation.
Etiqa Insurance Singapore is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group with footprints across 16 countries and a heritage that spans over 190 years.
Octa broker’s global survey: traders and security

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 June 2025 – In trading, seizing opportunities and mitigating risks go hand in hand. Consistent success relies on a delicate balance between these two elements. To better understand how traders perceive and approach safety—both in daily life and during trading sessions—Octa, a trusted global broker since 2011, surveyed hundreds of market participants to gain insights into their mindset and behaviours.

In its global survey, Octa focused on exploring the relation between traders’ everyday habits and their security mindset. In its research, the broker covered traders from five countries: Indonesia, Malaysia, Singapore, South Africa, and Nigeria. Below are some insightful takeaways.
1. Transparency: important, yet hard to find
First of all, the respondents were asked whether they would rather choose a picturesque wild beach or a private lifeguarded one as a destination for their vacation. The vast majority of participants in all countries of the survey chose the second—more prudent—option.
Privacy and security are especially important for Nigerian traders: only 7% of them chose a beautiful wild beach, while the remaining 93% would rather spend their vacation in a lifeguarded location.
On the other hand, security is much less vital for Indonesians: 72% would prefer a more predictable, albeit less exciting destination, but as many as 28% don’t mind a little risk if it means getting more beauty and excitement.
This strong tendency towards safety and predictability reflect a structured, strategic mindset, which is absolutely essential for trading. Traders tend to value transparency—presumably, in everyday life as in trading. However, a significant part of the participants said they had come across hidden fees and commissions on the part of their broker—the ones not mentioned in the broker’s terms and conditions. For example, as much as 38% of Singaporean and Malaysian traders had encountered such unpleasant experiences on their journeys in the financial markets.
As a highly experienced broker, Octa is well aware of the high value traders attach to transparent trading conditions and security. For this reason, Octa prioritises transparency in its operation, acting under the motto ‘no hidden tricks, just honest trading’. For example, the broker offers a fast and highly efficient withdrawal procedure whose reliability is supported by multiple online reviews.
2. Structure and chaos: the eternal battle
According to the Octa broker’s survey, the vast majority of traders (between 81% and 92%, depending on the region) envisage their dream workplace as a well-organised and meticulously clean space that emits stability vibes. Indonesian traders value order in a workplace the most: 92% opted for a more organised option, while 8% said they prefer a beautiful and unique yet chaotic and less predictable working environment.
As with the previous question, these results show a strong tendency towards predictability and order. Given that, it is surprising that only 35% of Indonesian traders strictly schedule and plan their trading sessions, while 65% start them whenever they feel like it.
Other regions showed more willingness to plan trading sessions. In particular, South African and Nigerian traders seem the most organised in this respect, as 56% of survey participants reported dedicating a specific time of day to trading.
3. Risk management: a not-so-obvious advantage
Survey participants from all five countries responded very similarly when asked whether they pay their utility bills in advance or at the last minute. Between 84% and 87% of respondents declared they do their best to avoid falling into arrears and always pay their bills on time. The remaining 13–16% couldn’t be bothered to do it in advance, and often pay the bills at the last minute despite having no money issues. This goes to show that the majority of traders are disciplined individuals who value planning and strategising in their everyday lives.
However, when it comes to trading sessions, this emphasis on order and timeliness is less pronounced. Only 65-71% of respondents reported using stop-loss and take-profit orders regularly, keeping track of their equity level, and calculating potential financial outcomes before taking a position. 29–35% of survey participants said they use risk management tools only when attempting a hazardous trade. They usually trust their trading intuition to exit trades on time.
The majority of traders value order and timeliness in their everyday lives. However, when it comes to trading, many underestimate the importance of scheduling and proper risk management. As a highly experienced and globally trusted broker, Octa recommends approaching trading sessions in the same way as professional athletes approach their training. Don’t forget that in trading, as in professional sports, meticulous planning and discipline go a long way.
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Disclaimer: This article does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk, and we and Octa do not accept any liability for any resulting losses or consequences.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.
In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
When Golden Sunflower Meets Bauhinia: HONGQI Showcases Oriental Luxury at 2025 International Automotive and Supply Chain Expo(Hong Kong)

CHANGCHUN, CHINA – Media OutReach Newswire – 16 June 2025 – From June 12 to 15, FAW HONGQI unveiled its luxury vehicle lineup at the 2025 International Automotive and Supply Chain Expo(Hong Kong), showcasing its unique “Oriental Luxury” concept to the world. During the expo, HONGQI held the “Glory in Hong Kong, Shaping the Future Together” Golden Sunflower Exclusive Appreciation Event, which forged profound connections between HONGQI and local customers. With its outstanding products and rich brand heritage, HONGQI continues to expand the global influence of Chinese luxury brands.
Qiu Xiandong, Chairman of China FAW Group Co., Ltd. attended the opening ceremony of the 2025 International Automotive and Supply Chain Expo(Hong Kong) and the launch ceremony of the China Automotive and Supply Chain Enterprises Overseas Alliance, and delivered a speech. He stated that FAW Group aims to strengthen cooperation in industry, ecology, finance, and technological innovation, and is willing to partner with Hong Kong in creating a new legend.
The HONGQI Golden Sunflower series vehicles, representing the pinnacle of Chinese automotive craftsmanship—GUOYAO, GUOLI, GUOYA, and GUOYUE—profoundly demonstrate HONGQI’s mastery of design aesthetics, safety standards, and manufacturing quality. These vehicles became the center of attention at the event. The entire Golden Sunflower series of models demonstrates remarkable market appeal and injects strong momentum into HONGQI’s successful entry into Hong Kong.
At the 2025 International Automotive and Supply Chain Expo(Hong Kong), HONGQI unveiled a range of classic and modern models. The unveiling of precious models such as the HONGQI CA770, the right-hand-drive version of the CA770, and the CA72 carried the deep affection and cherished memories of several generations for China’s high-end automotive industry. The three models —H9, HQ9, and E-HS9—showcased HONGQI’s dedication to product excellence and technology development. Additionally, the HONGQI “TianNian NO.1” flying car became a major highlight of the auto show with its forward-looking technological concepts and innovative design.
In the next five years, HONGQI will launch over 20 new models globally, including new energy vehicles, fuel-efficient models, and Golden Sunflower series models. HONGQI is committed to delivering more high-quality vehicles that earn the trust of global consumers—driving Chinese automotive brands to new heights in the world.
Hashtag: #HONGQI
The issuer is solely responsible for the content of this announcement.
Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services
With a legacy of excellence, expertise, and a bold vision, Chubb Life HK is meeting rising demand for sophisticated, future-focused financial planning through bespoke legacy and wealth solutions
HONG KONG SAR – Media OutReach Newswire – 16 June 2025 – Chubb Life Hong Kong (Chubb Life HK) today launched its first wealth centre, Chubb 1792 Club, marking a pivotal moment in its insurance and wealth management journey. Located at The Gateway in Tsim Sha Tsui, a premier business and tourism district, Chubb 1792 Club aims to serve the increasing health and wealth needs of affluent customers and high-net-worth (HNW) individuals in Hong Kong as well as incoming visitors to the city.

The launch of Chubb 1792 Club marks a key milestone for Chubb Life as Hong Kong accelerates its ascent as a global insurance and wealth management powerhouse, attracting affluent and HNW customers and their assets. By the end of 2023, the asset and wealth management sector reached a remarkable HK$31.2 trillion, with 64% of assets sourced from non-Hong Kong residents. This acceleration is particularly evident in the life insurance sector, which saw record-breaking sales in 2024 as both local residents and Mainland Chinese visitors sought protection and wealth management solutions. Notably, Mainland Chinese visitors spent HK$62.8 billion in 2024 mainly on life, critical illness and medical policies, a 6.5% increase from the previous year, reinforcing the city’s potential to attract and manage wealth for affluent and HNW individuals.
The surge in demand for life and health related policies reflects Chubb Life’s key target audience of affluent and HNW customers. The company offers a comprehensive suite of tailored insurance solutions designed to meet the unique needs of its customers, including wealth preservation and intergenerational legacy management. In response to this growing demand, Chubb Life HK has expanded its portfolio with tailored insurance solutions, including its flagship Chubb MyLegacy Insurance Plan III, as well as Future Achiever Savings Plan II and Infinity Prestige Life Insurance Plan.
Belinda Au, President of Chubb Life Hong Kong and Head of North Asia, said, “The launch of Chubb 1792 Club represents a bold leap in our continued expansion in the wealth management space. It reflects our long-standing commitment to serving the evolving needs of customers with differentiated, high-touch solutions that go beyond traditional insurance.”
Chubb 1792 Club, a tribute to Chubb’s foundational year and legacy of excellence, will feature a nearly 10,000-square-foot signature lounge designed to deliver bespoke wealth management services and cultivate meaningful business opportunities, empowering affluent clients, brokers, and agents to build trusted relationships and enrich both their business and personal lives with every visit.
“Disclaimer: **Important Note**: This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell, solicitation or persuasion to buy or provision of any of insurance products outside Hong Kong.
Hashtag: #Chubb
The issuer is solely responsible for the content of this announcement.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
Chubb Life Hong Kong Launches Chubb 1792 Club, a Prestigious Global Wealth Centre Designed to Elevate Customer Experience

HONG KONG SAR – Media OutReach Newswire – 16 June 2025 – Chubb Life Hong Kong (Chubb Life HK) today unveiled its first wealth centre, Chubb 1792 Club, marking a pivotal moment in its insurance and wealth management journey. Located at The Gateway in Tsim Sha Tsui, a premier business and tourism district in Hong Kong, Chubb 1792 Club aims to serve the increasing health and wealth needs of affluent customers and high-net-worth individuals in Hong Kong and visitors to the city.
The launch of Chubb 1792 Club marks a key milestone for Chubb Life HK as the city cements its position as a global insurance and wealth management powerhouse, attracting affluent and high-net-worth customers with a wide range of innovative insurance and financial offerings. By the end of 2023, the asset and wealth management sector in Hong Kong reached HK$31.2 trillion (US$3.97 trillion), with 64% of them sourced from non-Hong Kong residents. The growth trend is particularly evident in the life insurance sector, which saw record-breaking sales in 2024 as both local residents and mainland Chinese visitors sought protection and wealth management solutions. Notably, mainland Chinese visitors spent HK$62.8 billion(US$8 billion) in 2024, mainly on life, critical illness and medical policies—a 6.5% increase from the previous year.
Spanning nearly 10,000 square feet, Chubb 1792 Club is thoughtfully designed to encourage meaningful engagement through art. With a longstanding history of safeguarding possessions, lives, and heritage through comprehensive insurance solutions, Chubb Life HK is committed to preserving the enduring value of what matters most.
Chubb 1792 Club extends the company’s commitment to enhancing customer experiences through a thoughtfully curated space showcasing art pieces by local and international artists. Over the past two years, the company launched a Chubb Life Art Gallery and expanded its partnership with Art Basel Hong Kong and M+ Museum as part of its ongoing effort to support the art community.
Curated by ART021 Group, China’s largest contemporary art fair group, Chubb 1792 Club features a selection of artworks by eight artists: Yang Yongliang, Desmond Leung Kar Hao, Stephen Wong Chun Hei, Wolfgang Tillmans, Annie Morris, Abraham Lacalle, Long Quan, and Lu Pingyuan.
Belinda Au, President of Chubb Life Hong Kong and Head of North Asia, said, “Chubb 1792 Club is an extraordinary space that embodies our commitment to offering experiences that serve the evolving needs of affluent and high-net-worth customers. We are proud to offer a unique platform that blends wealth expertise with cultural storytelling, empowering our customers, partners, and communities to build lasting legacies.”
The design of the Chubb 1792 Club draws from the theme of water, symbolising vitality and connection while honouring Chubb’s maritime heritage. Elements of water – the gentlest existence between heaven and earth, shapeless yet shaping all things, silent yet telling countless stories flows through the space, presenting a narrative about water, life, and protection. Fluid architectural forms echo the ebb and flows of the sea, while nautical design cues such as structural curvature reinforce a seamless connection to the brand’s maritime legacy.
Hashtag: #Chubb
The issuer is solely responsible for the content of this announcement.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
About ART021 GROUP
Founded in 2013, ART021 GROUP currently owns ART021 SHANGHAI Contemporary Art Fair, ART021 BEIJING Modern & Contemporary Art Fair, DnA SHENZHEN Design & Art Fair, ART021 HONG KONG Contemporary Art Fair and MOJO FEST, alongside 21 EDITION and C21 CAFE. As China’s largest contemporary art fair group, ART021 GROUP are committed to building a professional and diverse platform for global galleries, artists, collectors, and art lovers. The network of fairs aims to cultivate China’s local art ecosystem while fostering dialogue with the international art scene.
Central banks’ decisions loom amidst global uncertainty, Octa Broker offers its view

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 June 2025 – This week is set to be a pivotal one for financial markets in general and Forex market in particular as four major central banks—the Bank of Japan (BoJ), the U.S. Federal Reserve (Fed), the Swiss National Bank (SNB), and the Bank of England (BoE)—are scheduled to announce their latest decisions on interest rates. Their policy statements, spread across Tuesday, Wednesday, and Thursday, will be under intense scrutiny from traders and investors alike. The reason for this heightened attention is simple: relative monetary policy is a primary driver of currency exchange rates, and any shift in a central bank’s stance can trigger significant market movements.

However, this week’s announcements arrive amidst a backdrop of considerable global uncertainty, stemming from the flared-up conflict between Israel and Iran. This geopolitical tension in the Middle East has already exerted an upward pressure on oil prices, leading to increased concerns about inflation and raising the probability of a global economic recession. Consequently, investors might be surprised by the tone and content of the upcoming policy statements. While the prevailing market assumption is that most central banks (with the notable exception of the SNB) will maintain their current interest rates, the escalating inflation risks could prompt some central banks to adopt a more hawkish stance than anticipated, potentially leading to unexpected shifts in their monetary policy outlooks. This makes it more crucial than ever for market participants to closely monitor all announcements, accompanying policy reports, and subsequent press conferences for any clues regarding future policy trajectories.
Bank of Japan
BOJ’s decision will hit the wires in the early hours during the Asian trading session on 17 June. Unlike other major banks, BoJ has embarked on a path toward monetary tightening. Last year, it concluded its yield curve control (YCC) policy and initiated a gradual reduction of its substantial bond purchases. These actions were part of an ongoing effort to transition the Japanese economy away from a decade of significant stimulus. Furthermore, the BOJ increased short-term interest rates to 0.5% in January, based on the assessment that Japan was progressing towards sustainably achieving its 2% inflation target.
However, potential risks to Japan’s export-dependent economy stemming from U.S. tariffs have led to a revision in market expectations regarding the timing of the BOJ’s next rate hike. In addition, the Japanese bond market has been under severe stress lately, as long-term yields reached record high. Specifically, in Japan’s 20-year government bond auction on 20 May, the demand was very weak and the bid-to-cover ratio fell to just 2.50, its lowest point since 2012.
Consequently, market attention is currently focused on whether the BOJ will maintain or reduce the pace of its current bond tapering. Investors are also keenly awaiting any signals from BoJ Governor Kazuo Ueda concerning the potential resumption of rate increases. The general expectation is that the BOJ will largely stick to its current tapering plan for now, but it may consider a slower pace of reduction starting from the next fiscal year.
‘I believe the BOJ may not be able to delay rate hikes for an extended period due to inflationary pressures from elevated food costs, particularly for staple rice, so I think Governor Ueda may deliver a more hawkish tone that the market currently expects’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, Japan’s core inflation has exceeded the BOJ’s 2% target for over three years, reaching a more than two-year high of 3.5% in April, largely driven by a 7% surge in food prices. Moreover, the ongoing conflict in the Middle East poses a risk of further increasing Japan’s import costs.
Kazuo Ueda is expected to hold a news conference at 6:30 a.m. UTC on 17 June to explain the BOJ’s policy decision.
Federal Reserve
The Fed will issue its monetary policy updates at 6:00 p.m. UTC and hold a press conference at 6:30 p.m. UTC. The decision—especially the accompanying Statement—and the latest Economic Projections by the Federal Open Market Committee (FOMC) may potentially surprise the market, resulting in above-normal volatility.
Traders expect the Fed to leave its policy rate unchanged in the range of 4.25–4.50%. However, the market usually moves not because of the decision itself, but rather the new details revealed in the FOMC Statement as well as during the press conference. In addition, traders will be paying close attention to the Fed’s economic outlook and the so-called ‘dot plot’, seeking to understand the central bank’s policy trajectory. The FOMC dot plot is a chart that visually represents the projections of each FOMC member for the target range of the federal funds rate. It is updated on a quarterly basis and tends to have a major impact on financial markets, serving as a critical piece of forward guidance that can significantly influence bond yields, equity prices, and currency valuations as investors recalibrate their expectations for future interest rate movements and the overall trajectory of monetary policy.
‘It is not going to be an easy decision for the Fed’, says Kar Yong Ang. ‘They are balancing between a weakening labour market, still elevated inflation, uncertainty regarding trade tariffs—and now the Middle East crisis and the oil price shock. Overall, the market is positioned for a relatively dovish Fed, so traders will be waiting for hints about whether the Fed might be poised to lower rates in the coming months. And this is where the market may be disappointed’.
In other words, there’s a significant risk that Jerome Powell, the Fed Chairman, could adopt a more hawkish stance than the market anticipates. This would likely lead to considerable downward pressure on equity prices and present substantial upside risks for the U.S. Dollar Index (DXY). At the same time, even if the Fed does deliver a hawkish message, gold (XAUUSD) is unlikely to see a significant downturn, as the ongoing conflict between Israel and Iran will almost certainly sustain strong safe-haven demand, counteracting any typical negative pressure from a hawkish Fed.
Swiss National Bank
SNB is due to make its policy decision on 19 June. It is the only central bank whose rate cut is almost 100% guaranteed. The debate is not whether the SNB will cut the rates, but to what extent. Recent disinflationary pressures within the Swiss economy have led markets to anticipate a larger-than-usual 50-basis point (bps) reduction in rates.
‘Despite the Swiss headline CPI [Consumer Price Index] recently turning negative, I think the SNB will still opt for a smaller, 25-bp cut. Inflation shock coming from the Mideast conflict and policymarkers’ recent rhetoric suggest that the SNB will be careful not to overshoot with policy easing’, says Kar Yong Ang. Indeed, SNB board member Petra Tschudin recently highlighted that achieving medium-term price stability is more critical to their policy choices and that a single data point (i.e., latest inflation report) is not substantial enough to alter the current policy outlook. Moreover, with the SNB’s policy options being quite narrow now (the deposit rate bottomed out at -0.75% during the previous rate-cutting cycle), a 25-basis point rate cut looks like the most sensible choice for now.
On balance, the most probable outcome remains a 25bp rate cut. While the Swiss franc (CHF) might experience an initial sharp rise as the market corrects its 50bp cut predictions, this reaction would likely be fleeting. The central bank’s accompanying dovish commentary would likely ensure that any strengthening of the franc is quickly reversed.
Bank of England
BoE will announce its monetary policy decision on 19 June, a few hours after the SNB. At its previous meeting in March, the BoE kept its key rate at 4.50% with only one Monetary Policy Committee (MPC) member calling for a rate cut. In its guidance, the BoE stressed that it was taking a ‘gradual and careful approach’ to rate cuts due to a lack of visibility about the inflation outlook because of the rise in trade tensions. Since then, however, the U.S. and the U.K. agreed to a new trade deal, but the U.K. CPI continued to rise, while GBP/USD reached a fresh three-year high.
‘The latest U.K. CPI figures will be released on Wednesday, before the BoE decision, and I actually think that they will have a much bigger impact on the market than BoE’s verdict itself’, says Kar Yong Ang, adding that if the CPI report indicates a slowdown in inflation, the optimal strategy would be to go long EUR/GBP.
Overall, the BoE is expected to keep interest rates unchanged, especially considering that ongoing hostilities in the Middle East have introduced new long-term inflation risks. Indeed, according to the latest interest rate swaps market data, investors are pricing in only a 10% chance of a 25-bp rate cut by the BoE this Thursday. However, traders are advised to monitor any shift in BoE’s MPC rate voting. Previously, eight members voted to hold the rates unchanged, but this week’s decision may feature more doves than hawks.
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Disclaimer: This press release does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.
In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.