The BoE can hold off on raising interest rates | 15 Oktober 2021

15 Oktober 2021, GBP/USD

GBPUSD trading plan:

The Bank of England can hold off on raising interest rates because investors are tightening monetary conditions by betting on future rate hikes in Britain and the United States, BoE interest rate-setter Catherine Mann said. “This means that there’s a lot of endogenous tightening of financial conditions already in train in the UK. That means that I can wait on active tightening through a Bank Rate rise,” she said. This is a bad signal for the British currency. U.S. Treasury yields fell after data on the labor market and inflation eased worries the Federal Reserve may need to take action earlier than expected to combat rising prices, with shorter-dated notes poised to snap an extended run higher. This is a negative signal for the dollar.

Investment idea: range 1.3645 -1.3725.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.