FXStreet notes that the pound corrected modestly lower following the release of yesterday’s UK GDP report for Q2. EUR/GBP moved back above the 0.90 level and hit an intraday high of 0.9053 while cable fell back within touching distance of the 1.30 level. Economists at MUFG Bank foresee a bumpy road ahead for sterling.
“The GDP report confirmed that the UK economy has been one of the hardest hit by the negative COVID shock as it contracted by a record -20.4% in Q2. It was marginally better than the BoE’s forecast for a contraction of -21% although that provides little comfort. More encouraging was the stronger than expected recovery in recent months. The latest monthly GDP report revealed that activity started to rebound more robustly by 8.7% in June following an upwardly revised expansion of 2.4% in May. It still leaves the level of GDP 17.2% below its pre-COVID peak.”
“Lockdown measures remained in place for longer in the UK than in many advanced economies, but have eased back more notably in recent months which should support a strong rebound in Q3. However, the expected lagged deterioration in the labour market when the job furlough scheme ends and uncertainty over the path of the virus mean that the recovery will be uneven and protracted.”
“In addition, the risk of further Brexit uncertainty poses downside risks to the recovery later this year. In these circumstances, we continue to maintain a cautious outlook for the pound even after the BoE’s decision to dampen negative rate expectations which has helped ease downside risks in the near-term.”
© 2000-2025. 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.