- The Pound Sterling falls sharply after facing significant selling pressure near the round-level resistance of 1.2600. The GBP/USD pair weakens as investors remain convinced about the chances that the Bank of England will reduce interest rates earlier than the Fed.
- Financial markets anticipate that the BoE will start reducing rates in August and that the Fed will do so in September. This is consistently supporting the US Dollar despite the miss in the Nonfarm Payrolls (NFP) and the Services PMI data for April.
- Investors will get more clarity on the UK interest rate outlook from the BoE’s monetary policy decision, which will be announced on Thursday. The BoE is widely expected to keep interest rates steady at 5.25% for the sixth straight time. Therefore, any commentary on the interest rate outlook will be more useful for investors to predict the next move in the Pound Sterling.
- BoE Governor Andrew Bailey said last month that he is hopeful for the headline inflation to return to the desired rate of 2% in April. Also, in the last monetary policy meeting, he said he was comfortable with market expectations of two or three rate cuts for this year.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
喜歡的話，讚賞支持一下
暫無留言。 來發表第一則觀點吧。