Kayıt Tarihi: 13-Kasım-2019
GBP Faces Pressure with Inflation Rate at 4-year¡¯s Low
|Gönderen: 04-Temmuz-2020 Saat 14:52 | Kayıtlı IP
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.To get more news about
kiFX, you can visit wikifx news official website.
¡¡¡¡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.