$GBPUSD Forex Signal: Pound Sells Off After Bailey’s Warning
The UK economy is facing significant challenges because of the ongoing crisis in Ukraine, according to the latest assessment by Andrew Bailey. Speaking at Brussels, the head of the Bank of England said that the living standards of most Britons will decline substantially because of the rising energy crisis. He said that the situation will be worse than in the 1970s during the oil embargo.
Bailey’s speech reflected the difficult situation it is currently in. To deal with the rising inflation, the bank has delivered three rate hikes. But it has also softened its tone on higher rates to reflect the uncertain outlook. The GBP/USD pair also declined as American bond yields cooled down in the evening session. The 10-year and 30-year yields declined a few hours after they inverted. This was the first inversion of the yield curve in years and is a sign that investors expect a recession in the coming months.The GBP/USD pair has been under stiff pressure in the past few days as risks to the UK economy remain.level. It also declined below the 25-day and 50-day moving averages and the important support level at 1.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GBP/USD Forex Signal: Support at $1.3152 Breaking Down$GBPUSD Forex Signal: Support at $1.3152 Breaking Down
Baca lebih lajut »
BTC/USD Forex Signal: Bitcoin Spectacular Rally AcceleratesThe BTC/USD pair remained stubbornly above 45,000 as demand and enthusiasm for digital currencies has risen in the past few days.
Baca lebih lajut »
EUR/USD Forex Signal: Range-Bound Awaiting New CatalystThe EUR/USD pair remained under pressure on Monday morning as the crisis in Ukraine continued.
Baca lebih lajut »
GBP/USD Forex Signal: Support at $1.3152 Breaking Down$GBPUSD Forex Signal: Support at $1.3152 Breaking Down
Baca lebih lajut »
GBP/USD hangs near multi-day low, around mid-1.3100s ahead of Bailey’s speechThe GBP/USD pair maintained its offered tone through the early European session and was last seen trading around mid-1.3100s, just a few pips above th
Baca lebih lajut »
S&P 500 Forecast: S&P 500 Not Out of the Woods, Dovish Bailey Downs GBPA firm start to the week for the S&P 500, finding comfort from an unwind of war trades with gold and oil under notable pressure this morning. Get your market update from JMcQueenFX here:
Baca lebih lajut »