empty
 
 
15.07.2020 06:05 PM
Pound grows, but will soon face decline

This image is no longer relevant

The pound sterling began to strengthen against the backdrop of a weakening US dollar. Today's rate has stopped at around 1.26 dollars per pound. Meanwhile, it remains stable in relation to the euro.

The pound sterling is sensitive to all the changes that happen to the greenback, and it has recently been going through hard times. Risk appetite among investors is growing rapidly, which causes the dollar to sag, and the pound, in turn, to rise. However, in relation to the euro, the dynamics remain almost invisible. According to experts, sterling in the near future will nevertheless face a negative adjustment in its course, which will occur against the backdrop of a growing upheaval in the state's economy caused by the coronavirus pandemic.

To date, the value of the pound sterling has become higher by 0.5% and reached $ 1.2610 per pound. In relation to the euro, it settled at 90.75 pence, which is practically no different from the previous rate. Nevertheless, the fact that the pound was able to cope with a serious fall against the euro, which happened two weeks ago, is already causing positive emotions. Earlier the euro fell sharply to a minimum of 91.12 euros per pound.

Analysts continue to argue that UK macroeconomic indicators are among the worst in Europe. This will put serious pressure on the pound, which will inevitably backtrack. In the meantime, it has the opportunity to build up a greater advantage over the subsequent global decline.

Britain's secession from the EU only exacerbates the current situation, being an additional source of pressure.

The statistics on the country's GDP over the last month of spring were very unimpressive. The numbers were much lower than preliminary forecasts, which greatly upset investors. Now they are increasingly asking themselves the question: when will the government decide on a new portion of incentive measures that can support an economy that is rapidly falling into the abyss? The Central Bank of Great Britain is expected to expand the program of quantitative easing and lowering interest rates.

The yields on government bonds with a maturity of five years decreased significantly last week, so much so that it went into the zone below zero. However, as some analysts note, this is not the limit of the fall, in the near future, it is likely to get an even larger portion of the negative.

In the meantime, the pound's prospects are very vague, a trend for sale is forming in the foreign exchange market, which, most likely, cannot be avoided.

Maria Shablon,
Pakar analisis InstaForex
© 2007-2024
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget