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July 21, 2025
British Pounds traded at 1.3503 against USD at 9:00 AM PST
British households remained pessimistic about economic conditions and their financial wellbeing in July. The S&P Global consumer sentiment index rose slightly to 45.1 in July from 45.0 in June. However, the score below 50 signals deterioration. The index tracks household financial wellbeing, labor market conditions, household spending, savings, and debt.
There was a solid improvement in labor market sentiment. Although income increased, households reported a slowdown in salary inflation in July. Household debt accumulated at the steepest pace in 15 months due to high inflation and elevated borrowing costs. Due to a further decline in disposable income, households were more cautious towards spending. Major purchasing activity curtailed at the strongest pace in three months. 07/21/2025 - 07:39:00 (RTTNews)
Hong Kong's consumer price inflation moderated in June to the lowest level in three months. The CPI climbed 1.4% year-over-year in June, slower than the prior month's 1.9% rise. The smaller increase was mainly due to the decrease in the government's provision of electricity charges subsidy in June compared to May last year.
Housing costs alone grew 1.6% annually in June, and transport charges were 1.9% more expensive. Meanwhile, clothing and footwear prices dropped 4.1%. Netting out the effects of all the government's one-off relief measures, underlying inflation held steady at 1.0%. The average monthly increase for the 3 months ending in June was -0.1%. 07/21/2025 - 06:39:00 (RTTNews)
Consumer prices in New Zealand were up 2.7% in the second quarter of 2025. Higher annual prices were recorded for local authority rates and payments; actual rentals for housing, up 3.2%; and electricity, up 8.4%. On a seasonally adjusted quarterly basis, inflation rose 0.5%. Higher quarterly prices were recorded for cultural services, up 9.5%; electricity, up 4.9%; and vegetables, up 10.0%. These were partly offset by lower prices for: petrol, down 4.8%; and domestic accommodation services, down 9.2%. 07/20/2025 - 18:57:00 (RTTNews)
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