GBP/USD rallied to its highest level in nearly two weeks above 1.2770 after robust preliminary UK PMI data for January on Wednesday but staged a downward correction later in the session. Economists at Commerzbank analyze Pound Sterling’s (GBP) outlook.
On Wednesday, the Pound saw a significant short-term rally after the PMI for the services sector jumped to 53.8 points. This means that it is now well above the neutral level of 50, which certainly increases the chances that the British economy will see better times in the coming months. It also takes some of the pressure off the Bank of England to cut interest rates significantly again soon.
So why was the GBP unable to hold on to its gains? The latest surprise was just a continuation of the uptrend that started a few months ago and therefore does not allow for a real fundamental reassessment.
Of course, the longer-term outlook could change over the course of several months. If the PMIs continue to perform so well, this should eventually be reflected in the economic data. And then the Pound should benefit more sustainably. Although this is not our base case, the chances of this happening increase with each new positive reading.
© 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.