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Britain Is More Likely to Cut Interest Rate
Abstract：Recent survey shows Britain’s 10-year bond yield has dropped to 0.484%, the lowest since October 10th, 2019.
Recent survey shows Britains 10-year bond yield has dropped to 0.484%, the lowest since October 10th, 2019.
British economic growth has weakened while showing clear signs of overcapacity. In addition,
Britain‘s inflation remains lower than the central bank’s 2% target range, even falling to a 3-years low at 1.3% last December. Meanwhile, the country still faces uncertainties of Brexit.
Its expected that the Bank of England will make a dovish statement and cut the benchmark interest rate by 25 basis points to 0.5%. The momentum of economic rebound may subside in the second half of 2020, or even earlier, because the pressing deadline for EU-Britain trade deal will result in Brexit uncertainties that prevail the market.
GBP/USD daily pivot points 1.3008---1.3014
S1 1.2995 R1 1.3034
S2 1.2972 R2 1.3050
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Forex Trading Time in India EXPLAINED – What Every Trader Must Know!
Wondering how much time you have to trade currencies in the Indian foreign exchange market? Can you do it during the daytime or at your convenience? You have got all your answers here. In this article, we have covered the forex trading time in India. Read on!
Original 08-07
Which Currency Pairs are Most Commonly Traded in India?
Currency pairs play a crucial role in forex trading. To effectively participate in the forex market, it's important to understand which currency pairs are most relevant in your country. For traders in India, knowing the actively traded currency pairs is essential.
Original 07-30
Key Global Events Shaping Financial Markets Part 2
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
News 2024-07-05
Key Global Events Shaping Financial Markets Part 1
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
News 2024-07-05
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