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Kayıt Tarihi: 13-Kasım-2019
Gönderilenler: 100
Gönderen: 04-Temmuz-2020 Saat 13:53 | Kayıtlı IP Alıntı xysoom

British Pound Feeling Familiar Pain of Brexit as Covid-19
Takes its Toll



The British Pound fell early into Asias Monday trading
session, as forecasted by my colleague Daniel Dubrovsky.
Renewed fear about a disorderly Brexit is amplifying
selling pressure in the virus-hit GBP as the Bank of
England hints at the use of negative rates. US equity
futures pointed higher while APAC stocks traded mixed as
the cycle-sensitive Australian Dollar jumped into the
green at the expense of the anti-risk JPY.To get more
news about
Wi
kiFX
, you can visit wikifx news official website.
¡¡¡¡British Pound Experiencing Political Fatigue
The British Pound may suffer as the UK faces internal
political fragmentation following Prime Minister Boris
Johnson¡®s announcement of easing lockdown measures. Last
month, in a broadcast reaching over 27 million Britons,
Mr. Johnson changed the policy approach from ¡°stay at
home¡± to ¡°stay alert¡±. This was implemented as a way
to balance the public¡¯s health with maintaining the
countrys economic integrity.

29/637290494704348914/ART637290494704348914_925480.jpg-
wikifx_articlepic">

¡¡¡¡However, this been met with growing opposition from
lawmakers, who are openly dissenting orders like those
put forth by the government to reopen schools on June 1.
Adam Price, leader of the Plaid Cymru Welsh outwardly
expressed his defiance of Mr. Johnsons announcement:
¡¡¡¡¡°Lets not beat about the bush¡­If you drove into
Wales from England at the moment without a legitimate
excuse you would get arrested. Many people would not have
thought that it was even possible but it is the reality
on the ground.¡±
¡¡¡¡In Europe, the United Kingdom has the highest number
of deaths at around 34, 546 and a case-fatality rate of
14.3 percent. Furthermore, renewed fear about the
prospect of a disorderly Brexit has been weighing on the
British Pound since last Friday, adding a spice of
political uncertainty to the situation. For a more in-
depth analysis, see my geopolitical outlook for the week
ahead here.
¡¡¡¡Euro Analysis vs British Pound: Outlook Bearish
¡¡¡¡EUR/GBP may aim to challenge a key inflection range
between 0.8986 and 0.9019 (purple-dotted lines). The
pairs recent ascent has been in large part to do with
fundamental forces pressuring GBP. If the pair clears
this range with follow-through, the next ceiling to
deconstruct may be between 0.9144 and 0.9178 where
EUR/GBP previously stalled following its aggressive
decline from the multi-month swing-high at 0.9417.
Yukarı Dön Göster xysoom's Özellikler Diğer Mesajlarını Ara: xysoom
 

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