EUR/GBP was flat on Friday after retreating from a 0.8585 high on Thursday, with sellers testing the rising trendline from mid‑July. Sterling recovered some losses after the Bank of England held Bank Rate at 3.75% as expected but recorded three hawkish dissents; Governor Bailey said he would be willing to tighten policy if a Middle East conflict pushed oil above $100, providing near‑term support for the pound. In Europe, Germany’s preliminary HICP rose to 2.8% YoY in July from 2.4% in June; alon

2026-07-31

EUR/GBP was flat on Friday after retreating from a 0.8585 high on Thursday, with sellers testing the rising trendline from mid‑July. Sterling recovered some losses after the Bank of England held Bank Rate at 3.75% as expected but recorded three hawkish dissents; Governor Bailey said he would be willing to tighten policy if a Middle East conflict pushed oil above $100, providing near‑term support for the pound. In Europe, Germany’s preliminary HICP rose to 2.8% YoY in July from 2.4% in June; alongside strong preliminary GDP prints for Germany and the euro area, the data bolsters the case for an ECB rate hike in September and limits the euro’s downside.

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2026-07-31

Shijia Photonics released its 2026 interim results bulletin, reporting 1H revenue of 1.495 bln yuan, up 50.66% YoY, and net profit attributable to shareholders of 315 mln yuan, up 45.30% YoY.

2026-07-31

Meituan (03690.HK) released summer travel consumption data showing top family destinations were Shanghai, Beijing, Guangzhou, Harbin, Kaifeng, Chengdu, Dalian, Tianjin, Hangzhou and Zhengzhou. Meituan said consumers are shifting from sightseeing to “deep experience” travel; multi-day immersive trips are becoming the mainstream and stays longer than one week rose about 30% YoY. Bookings for cooler summer destinations grew faster than the overall market, with Southwest and Northeast markets notabl