British Pound Challenging New Reality: GBPUSD $GBPUSD forex FX TradingOpportunity
Firstly, mind inflation. In January, it reached 5.5%, growing since December. Normally, the Bank of England prefers staying away from inflation processes, letting the economy get back to balance on its own. However, in this case, the growth of prices for energy carriers and food will keep the CPI high, resulting in a decline in the economy. The CB will have to interfere to bring inflation back to 2-4% with the previous target level of 2%.
Businesses need a clearer understanding of what is going on, and the broader the horizons, the better. The Bank of England gave some information on the meeting on 17 March. The interest rate grew to 0.75%. Inflation is indeed too high to leave in unattended. However, the position of the BoE is less aggressive than one would expect.
The currency market is trying to avoid risks. This makes the USD popular and puts serious pressure on other currencies, including the pound. No changes in the moods are expected anywhere soon.GBP/USD continues falling. On W1, a reversal inverted Head and Shoulders pattern keeps forming. The right shoulder is at 1.1950, so in the long run this will be an aim for a test.
Currently, we should expect a minor bullish correction to the broken border of the descending channel at 1.3180. From this level, the price is likely to bounce downwards and continue falling by the width of the channel.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Illinois man catches 140-pound paddlefish, setting new fishing record in MissouriJim Dain caught a record-setting paddlefish in the Lake of the Ozarks.
続きを読む »
New report reveals the dangers of virtual reality for young childrenThe report, titled 'Kids and the Metaverse,' detailed what the organization believes to be a number of hazards for children using Meta's virtual technology.
続きを読む »
Illinois man catches 140-pound paddlefish, setting new fishing record in MissouriJim Dain caught a record-setting paddlefish in the Lake of the Ozarks.
続きを読む »
Kevin and Frankie Jonas to Host Celebrity Relative Reality Show for ABC'Claim to Fame' will feature 12 non-celebs looking to make their own names and win a cash prize.
続きを読む »
The Second Cold War Is Already Beginning, Experts Say, and Many of the Battles Are Being Fought With Economic WeaponsA new Cold War will pose a new challenge to a market that is still recovering from the uncertainties of the pandemic.
続きを読む »
'Love is Blind' Renewed Through Season 5 at NetflixNetflix has renewed their hit reality dating show 'Love Is Blind' through season five, along with adding several new shows to their reality lineup.
続きを読む »