17 Tháng Năm 2024, GBP/USD
GBPUSD:
The Pound-Dollar pair is showing modest gains near 1.2670 in the early Asian session on Friday. Meanwhile, the US Dollar Index (DXY) is recovering lost ground after pulling back to multi-week lows near 104.00 in the previous session. The Federal Reserve (Fed) is taking a cautious tone on inflation and the likelihood of a rate cut this year. Investors will get more information from speeches by Kashkari, Waller and Daly later in the day.
Several Fed officials emphasized the need to keep borrowing prices high for an extended period of time as they await new evidence of weakening inflation. On Thursday, Bank of Atlanta President Rafael Bostic warned of the need for patience with interest rates, saying there are still a lot of price pressures in the U.S. economy. FRB Cleveland President Loretta Mester said it may take longer than expected to gain confidence in inflation dynamics, adding that the Fed should stick to its restrictive stance longer. The cautious approach of Fed policymakers provided some support to the US Dollar and weighed on the major pair.
As for the British Pound, last week the Bank of England (BoE) noted that the UK central bank needs to see more evidence that inflation will remain low, but it believes inflation is moving in the right direction and a June rate cut is not out of the question. Bank of England policymaker Megan Green said the Bank of England wants to see more evidence of easing price pressures before it starts easing policy. The expectation that the UK central bank may cut interest rates ahead of the US Fed is likely to put pressure on the Pound Sterling (GBP) and limit the GBP/USD pair's near-term upside.
Trading recommendation: Trade predominantly on Sell from the current price level.
Connect 101% under drawdown and trade with double deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!
en 
cn 
id 
ar 
ru 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
