- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/USD: Retail Sales disappoint, more weak data to dampen BoE's hike expectations and sterling – MUFG
GBP/USD: Retail Sales disappoint, more weak data to dampen BoE's hike expectations and sterling – MUFG
GBP/USD seems to have lost its footing following the disappointing Retail Sales data early Friday. Economists at MUFG Bank have brought forward their call for a hike to November. However, they believe the market is too aggressive pricing further rate hikes by the Bank of England, which should weigh on the pound.
Retail sales disappoint complicating BoE position
“Sales excluding fuel plunged 0.6% MoM, weaker than the expected 0.3% gain. This is a big miss but the 0.5ppt upward revision to August’s MoM decline (-0.7% from -1.2%) needs to be accounted for. Still, even with that revision this is a notable miss and follows the GfK Consumer Confidence Index drop earlier today from -13 to -17, again weaker than expected.”
“We’ll stick with November for now but the important point to make here is that the pricing in the market on BoE rate hike action going forward is still excessive and we believe incoming data will adjust lower those expectations even if the BoE does go by 15bps on 4th November. That, in our view, leaves the pound vulnerable to a correction lower.”
© 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
