The GBP did not enjoy its most productive week, losing ground against the Euro and US Dollar respectively. GBPUSD declined from a weekly high of 1.2150 to trade at 1.18300, a drop of 300 odd pips.
terling weakness, Brexit-related supply chain issuesed, with food prices rising 11.6% in four weeks. The cost of living crisis has begun affecting the debt of supermarket’s balling on the back ofCPIprice rises has seen the pressure ramp up following this past week’s data releases.
The BoE must hike more than any other G10 country as investors have priced in 154 basis points of further hikes in 2022, more than is asked of the current pacesetter the. It implies three further 50 basis point hikes are required at the three remaining meetings in September, November and December. Given the 50 basis point hike in August, there is now a precedent and ‘The Old Lady of Threadneedle Street’ could deliver.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
British Pound Under Pressure Following Hot Inflation Data – GBPUSD, EURGBP SetupsThe GBP continues to push lower in the New York session as UK headline inflation breached double digits earlier this morning. Headline jumped to 10.1% (9.8% exp.) and core rose to 6.2% (5.9% est.) on a year-over-year basis.
Baca lebih lajut »
GBP/USD Forecast: Negative PressureThe British pound has fallen again during trading on Thursday as we continue to see a lot of negativity when it comes to anything against the US dollar.
Baca lebih lajut »
Fed officials anticipate 'significant' interest rate hikes until inflation eases, minutes showFederal Reserve officials expressed resolve to bringing inflation closer to their 2% target at the July meeting, with policymakers forecasting more 'significant' rate hikes.
Baca lebih lajut »
Red Hot Chili Peppers Share First Return of the Dream Canteen Single 'Tippa My Tongue'Red Hot Chili Peppers released one album already this year, with another to arrive in October. Listen to its first single now
Baca lebih lajut »
San Antonio home sales, competition coolingSan Antonio's red hot housing market is showing signs of cooling as buyers contend with high prices and higher mortgage rates.
Baca lebih lajut »
Two die in violent storms pounding Italy; more bad weather forecastTwo people were killed by falling trees in central Italy on Thursday as powerful storms battered several regions after weeks of punishingly high temperatures, rescue services said.
Baca lebih lajut »