GBP: Likelihood of more deficit spending in the US can slow down – Rabobank
14.10.2024, 14:27

GBP: Likelihood of more deficit spending in the US can slow down – Rabobank

UK PM Starmer has opened the government’s investment summit with the reassurance that Labour will restore the UK’s brand as an open, trading nation. The inference is that the UK has appeared less open in recent years, which may be a reference to Brexit, Rabobank’s FX analyst Jane Foley notes.

Market is expecting the pace of earnings growth to moderate

“This week’s releases of UK labour and CPI inflation data are expected to be key in forming market expectations ahead of the BoE’s November 7 policy meeting. The market is expecting the pace of earnings growth to moderate.”

“While CPI inflation readings are also expected to moderate in September, the consensus is pointing to a still ’too high’ reading of 5.2% y/y for services inflation. On the back of this, Rabobank maintains its view that the BoE is likely to cut rates at a gradual pace of once a quarter. The relatively slow pace of BoE rate cuts should garner GBP some support going forward.”

“However, neither of the US presidential candidates have yet dared to mention budgetary prudence. The likelihood of more deficit spending in the US, particularly under Trump administration, could slow the pace of Fed rate cuts and provide support for the USD (as could Trump’s tariff pledges). Consequently we see limited upside potential for cable going forward.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik