GBP/KRW (GBPKRW)
- 1917.03
- +3.73+0.19%
GBP/KRW (GBPKRW) News
An 'Overlooked' Market Event: Trilateral Intervention by the U.S., Japan, and South Korea—U.S. Treasury Steps In 'Rarely'! Is Bessent Quietly 'Rescuing the Market'?
The U.S. Treasury Department this week unusually intervened in the foreign exchange market, instructing the Federal Reserve Bank of New York to engage Wall Street banks to sell euros and buy yen, coordinating with Japan and South Korea in the largest-scale joint foreign exchange intervention in nearly three decades. Analysts believe the move goes beyond merely stabilizing exchange rates; its core objective is to prevent further weakening of Japanese and South Korean asset markets and to mitigate the risk of financial stress spilling over into the AI supply chain. By intervening in the yen through non-dollar transactions, the United States also aims to shift pressure away from the dollar and avoid imposing additional strain on the dollar system.
Bank of Korea Keeps Rates Unchanged as Mideast Uncertainty Persists
South Korea's central bank kept its base rate unchanged for a seventh straight meeting ahead of a leadership change, as Middle East tensions weigh on the trade-reliant economy.
South Korea's Current Account Surplus Sharply Rises in February
South Korea's current account surplus sharply rose to $23.19 billion in February from $13.26 billion in January, according to preliminary data from the Bank of Korea released Wednesday.
South Korea Consumer Inflation Accelerates on Mideast Energy Shock
South Korea's headline inflation accelerated in March--the first reading since the Middle East conflict began--highlighting the early effects of surging energy costs on the trade-reliant economy.
South Korea's Inflation Likely Near Central Bank Target in February -- Market Talk
0252 GMT - South Korea's headline inflation likely remained near the central bank's 2% target in February. The median forecast from a WSJ poll of 13 economists is for a 2.1% on-year rise in the
South Korea's Retail Sales Up 4.4% in January
Retail sales in South Korea rose 4.4% in January from a year earlier, owing to a 8.2% jump in online sales in the month, the Ministry of Trade, Industry and Resources said in a Thursday release.
South Korea's Consumer Sentiment Strengthens in February
South Korea's composite consumer sentiment index rose 1.3 points to 112.1 in February from 110.8 in January, according to data released by the Bank of Korea on Tuesday.A reading above 100 indicates
Bank Of Korea To Keep Interest Rates Steady At 2.50% Through 2026
South Korea's central bank will keep its key interest rate unchanged at 2.50 per cent on Thursday and through 2026, a Reuters poll forecasts, as policymakers grapple with a volatile currency and an overheating housing market. The Korean won has remained under pressure, keeping authorities on high alert and prompting action to curb excessive volatility, including [...]
South Korea's Producer Prices Rise 1.9% in January
Producer prices in South Korea increased 1.9% in January from a year earlier, maintaining the on-year growth for the third straight month, according to preliminary data from the Bank of Korea on