- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/USD Forecast: US Fed sends Pound into worrisome territory ahead of BoE
GBP/USD Forecast: US Fed sends Pound into worrisome territory ahead of BoE
- The Federal Reserve delivered as expected, foresees two rate cuts in 2025.
- The Bank of England will announce its decision on monetary policy early on Thursday.
- GBP/USD approaches the 1.2600 mark after gaining near-term bearish traction.
The British Pound found near-term support earlier in the day, leading to GBP/USD reaching an intraday high of 1.2725. The trigger was the United Kingdom (UK) Consumer Price Index (CPI), which rose 2.6% on a yearly basis in November after printing at 2.3% growth in October, according to the data released by the Office for National Statistics (ONS) on Wednesday.
Core CPI (excluding volatile food and energy items) rose by 3.5% YoY in November, compared to a 3.3% increase in October while below the market consensus of 3.6%. Services inflation stayed unchanged at 5.0% YoY in November.
The pair held above 1.2700 afterwards, then collapsed after the United States (US) Federal Reserve (Fed) announced that it lowered the policy rate, federal funds rate, by 25 basis points to the range of 4.25%-4.5%.
The Fed made minor changes to its policy statement from the November meeting. Still, the dot-plot shows policymakers foresee now just two rate cuts in 2025, resulting in a hawkish cut that boosted demand for the US Dollar in a risk-averse environment.
Economic Indicator
BoE Interest Rate Decision
The Bank of England (BoE) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoE is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Pound Sterling (GBP). Likewise, if the BoE adopts a dovish view on the UK economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for GBP.
Read more.Next release: Thu Dec 19, 2024 12:00
Frequency: Irregular
Consensus: 4.75%
Previous: 4.75%
Source: Bank of England
© 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.
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.
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
