GBP: MARKET CONSIDERS THE BUDGET IMPACT – ING

avatar
· 阅读量 108



The Bank of England's broad Pound Sterling (GBP) index is back to challenge the July high at around 84.65, ING’s FX strategist Chris Turner notes.

1.3300/3330 us the next short-term target for GBP/USD

“These mark the highest levels since the Brexit vote in June 2016. Driving the GBP higher has been the malaise both in the eurozone and now emerging in the US, too, combined with the BoE's reticence to signal a full-blooded easing cycle. Warmer relations with Europe might have helped, but this is harder to quantify.”

“Very much in focus now is UK Chancellor Reeves' first budget at the end of October. There is much speculation over £20bn of tax increases coming through – worth around 0.7% of GDP. However, this may not represent fiscal tightening since she will be using the money to address the real-terms cut in public spending under the previous Conservative government. Public sector pay rises alone may be worth as much as £10bn.”



风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest