Extrait:May 21st from WikiFX news. Britain’s inflation rate dropped to the lowest since August, 2016, raising speculations that the Bank of England will have to take further measures to boost demand.
May 21st from WikiFX news. Britains inflation rate dropped to the lowest since August, 2016, raising speculations that the Bank of England will have to take further measures to boost demand.
In addition, Britan‘s CPI grew 0.8% year-on-year, lower than economists’ expectations. The figure may kindle an even more heated debate over whether the central bank should introduce negative interest rate for the first time.
HSBC downgraded its forecast of GBP/USD before the end of the year from the previous 1.35 to 1.2, while pointing out the risks including Britains fiscal well-being(as the worst of G10 members) and Brexit: euro is expected to rise from 0.81 to 0.87 against pound before the end of the year, the British government again dismissed the possibility of extending the Brexit transitional period, while it seems unlikely for the two sides to completely settle a free trade deal before the end of 2020.
With Britain sinking into a severe recession and the economy in sluggish recovery, structural factors may further weigh on the pound.
GBP/USD daily pivot points: 1.2243---1.2253
S1 1.2210 R1 1.2276
S2 1.2182 R2 1.2314
Avertissement:
Les opinions exprimées dans cet article représentent le point de vue personnel de l'auteur et ne constituent pas des conseils d'investissement de la plateforme. La plateforme ne garantit pas l'exactitude, l'exhaustivité ou l'actualité des informations contenues dans cet article et n'est pas responsable de toute perte résultant de l'utilisation ou de la confiance dans les informations contenues dans cet article.
FXTM
IPCAPITAL
BBI Trading
ATFX
GRIC FX
TVR
FXTM
IPCAPITAL
BBI Trading
ATFX
GRIC FX
TVR
FXTM
IPCAPITAL
BBI Trading
ATFX
GRIC FX
TVR
FXTM
IPCAPITAL
BBI Trading
ATFX
GRIC FX
TVR