FXStreet notes that the pound has corrected lower after the sharp gain recorded on Wednesday and this makes a lot of sense to economists at MUFG Bank as the outlook remains gruesome for the sterling. GBP failed to respond to more fiscal action as British Finance Minister Rishi Sunak came to the rescue again with a new Job Support Scheme.
“The new Job Support Scheme due to commence on November 1 will now look more like the expensive Job Retention Scheme. Workers can qualify if working just 20% of usual hours rather than the planned third and crucially, companies will now only have to fork out 5% of employees’ wages instead of the planned 33%.”
“Taking OBR estimates and the verbal estimates from the government on the cost of the new scheme, the UK budget deficit is heading for over 20% of GDP. Last week, the IMF released budget deficit estimates which had an estimate for the UK at -16.5% with only the US (-18.7%) and Canada (-19.9%) expected to run larger deficits. Of course other countries are going to have to increase government spending again due to the second wave of COVID-19 but the UK is heading for being the worst or very close to the worst advanced country. FX is all about the relative, and on that basis, running close to the largest budget deficit while recording the largest economic contraction due to COVID-19 and with trade frictions set for the new year, the outlook for GBP remains grim.”
© 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.