- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- The Pound is set to underperform for a period – MUFG
The Pound is set to underperform for a period – MUFG
The UK has just released the June inflation data. Economists at MUFG Bank analyze the British Pound (GBP) outlook after the CPI report.
CPI data should help lean the BoE more toward 25 bps rather than 50 bps
We have a UK inflation print that has come in less than expected with the YoY rate falling from 8.7% to 7.9% – the market consensus was for a drop to 8.2%. Core inflation eased to 6.9% but had been expected to remain at 7.1%.
For BoE deliberations into the next policy meeting on 3rd August the CPI data should help lean the BoE more toward 25 bps rather than 50 bps.
We have argued that the UK rates curve was overdone in terms of tightening required and we maintain two further 25 bps rate hikes in August and September are likely before the tightening cycle ends. If our view is correct, that implies about 50-60 bps of excessive pricing which means market rates are likely to adjust lower over the period from now through to around the September meeting. The Pound is set to underperform for a period as this adjustment unfolds.
© 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.
Банковни транcфери
