Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
The Cadet School
 U47.org Forum :: The Cadet School
Subject Topic: GBP Faces Pressure with Inflation Rate at Post ReplyPost New Topic
Author
Message << Prev Topic | Next Topic >>
xysoom
Matrosen-Obergefreiter
Matrosen-Obergefreiter


Joined: 26 May 2020
Location: China
Online Status: Offline
Posts: 64
Posted: 01 July 2020 at 07:42 | IP Logged Quote xysoom

GBP Faces Pressure with Inflation Rate at 4-year¡¯s Low

May 21st from WikiFX news. Britains inflation rate
dropped to the lowest since August, 2016, raising
speculations that the Bank of England will have to take
further measures to boost demand.To get more news about
W
ikiFX
, you can visit wikifx news official website.

¡¡¡¡In addition, Britan¡®s CPI grew 0.8% year-on-year,
lower than economists¡¯ expectations. The figure may
kindle an even more heated debate over whether the
central bank should introduce negative interest rate for
the first time.

¡¡¡¡HSBC downgraded its forecast of GBP/USD before the
end of the year from the previous 1.35 to 1.2, while
pointing out the risks including Britains fiscal well-
being(as the worst of G10 members) and Brexit: euro is
expected to rise from 0.81 to 0.87 against pound before
the end of the year, the British government again
dismissed the possibility of extending the Brexit
transitional period, while it seems unlikely for the two
sides to completely settle a free trade deal before the
end of 2020.

¡¡¡¡With Britain sinking into a severe recession and the
economy in sluggish recovery, structural factors may
further weigh on the pound.

21/637256766098222662/ART637256766098222662_979216.png-
wikifx_articlepic">
Back to Top View xysoom's Profile Search for other posts by xysoom
 

If you wish to post a reply to this topic you must first login
If you are not already registered you must first register

  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2004 Web Wiz Guide

This page was generated in 0.3281 seconds.