Other news

The consumer price index in Australia unexpectedly dropped from 2.8% to 2.4% in February, adding to arguments that the Reserve Bank (RBA) will proceed with interest rate cuts in the coming months, Bloomberg reports.

A decrease of the indicator value may contribute to the fall in quotes of GBP.

Ripple Labs has reached a settlement with the US Securities and Exchange Commission (SEC) to resolve a civil lawsuit alleging the sale of unregistered securities. According to Reuters, the company will pay just $50 million of a previously imposed $125 million penalty.

According to information from insiders reported by Bloomberg, US tariffs on copper imports may be announced several months ahead of the scheduled deadline for the decision. The sources said it could happen within a few weeks.

The head of the Bank of Japan (BOJ), Kazuo Ueda, spoke about the need to raise interest rates if soaring food prices lead to an increase in overall inflation. As he pointed out, the recent price growth was driven by temporary factors.

Japanese Prime Minister Shigeru Ishiba does not plan to increase budget expenditures, preferring to focus on the policies already laid out in the current and next plans. This was reported by the government in response to media articles on the need to implement measures to lower prices.

A KPMG survey conducted among 3,000 British consumers has shown an increase in pessimism regarding the economic situation in the UK. The number of citizens who believe that the economy is moving in the wrong direction has increased by 15 percentage points compared to November last year.

S&P Global’s purchasing managers’ index for the UK rose to a six-month high of 52 in March, up from 50.5 the previous month. The index was well above the 50-point threshold that separates growth from contraction. The data was also better than analysts polled by Bloomberg had expected.

Economists at HSBC — one of the UK's largest banks — Elizabeth Martins and Emma Wilkes, now expect the Bank of England to cut interest rates on a quarterly basis. Previously, they had forecast a cut at every meeting since September.

Australia's national debt is expected to fall from its peak this month, with figures more favorable than those anticipated when the Labor government took office. This information will be detailed in the upcoming National Budget Report, which is due to be released on Tuesday.