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July 22, 2026
British Pounds traded at 1.3377 against USD at 9:00 AM PST
U.K. consumer price inflation slowed to the lowest since March last year on transport and food prices in June. The consumer price index climbed 2.6% year-on-year in June, slower than the 2.8% increase in May. Monthly, consumer prices edged up 0.1 compared to an increase of 0.2% in May.
Core inflation that excludes energy, food, alcohol and tobacco remained unchanged at 2.6% in June. Although inflation is set to rise towards 3.5% later this year, the Bank of England (BoE) is likely to keep rates on hold throughout 2026. The BoE is set to announce its next policy decision on July 30. The latest data suggest that the bank is set to hold the benchmark rate at 3.75%.
Goods prices increased 1.7% after rising 2.0%, and services inflation eased to 3.6% from 3.7%. Transport, food and non-alcoholic beverages made the largest downward contributions to the annual inflation rate. Food and non-alcoholic beverages prices moved up 1.7%, the lowest since August 2024. Prices in the transport division climbed at a slower pace of 5.7%.
Separately, output price inflation slowed from 3.7% in May to a three-month low of 3.5% in June. Output prices remained flat from May. At the same time, input price inflation slowed for the first time since January 2026. Input prices rose 7.3%, following a 9.3% rise in the previous month. Monthly, input prices fell 2.0%.
House price growth softened in May. Average house prices grew 2.7% year-on-year, following a 3.9% rise in April. 07/22/2026 - 09:34:00 (RTTNews)
The unemployment rate in Taiwan barely changed at the end of the second quarter. The seasonally adjusted unemployment rate came in at 3.33% in June, up marginally from 3.32% in May. In the same period last year, the rate was 3.35%.
On an unadjusted basis, the jobless rate rose from 3.27% in the previous month to a 3-month high of 3.34% in June. Unemployment increased by 9,000 from the previous year to 402,000. Total employment rose by 20,000 from last year to 11.637 million in June. 07/22/2026 - 08:51:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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