米国の財政出動によりGBPUSDが最高値に到達
GBPUSD Weekly Outlook – 9th February 2021
Updated on [lmt-site-modified-info]
GBPUSD expanded its trading gains in the European market, registering the fourth consecutive daily rising. These gains come in light of the decline of the US dollar, along with the shrinking possibilities of the British central bank adopting a policy by reducing interest rates to the negative level.
GBPUSD traded at $1.3788, the highest since April 2018, adding 0.4% gains, from today’s opening session at $1.3737.
In the last meeting of the Bank of England that ended last Thursday, members of monetary policy said in the closing statement that British banks need at least six months to be ready to change interest rates to the negative level, which reduced expectations of a rate cut soon.
GBPUSD rises with the start of using the Coronavirus vaccine
Analysts believe Britain’s progress in giving coronavirus vaccines is helping to shore up the pound.
The US dollar continues its losses for the third day in a row.
The US dollar index (DXY) is in its third consecutive day in the red, as forex investors react to the recent non-farm data and US stimulus.
The index is trading at 90.70 points, which is 1% below Friday’s high of 91.57 points.
The double deficit in the United States
The weakening of the dollar index began on Friday when the US released weak employment numbers. In total, the country created only 40,000 jobs in January after shedding 140,000 the previous month, so investors believe the US economy will take longer to recover.
Meanwhile, politicians are trying to pass another stimulus package worth $1.9 trillion, and this will raise the total stimulus to more than $2.8 trillion. As such, some investors are concerned about the double deficit in the United States, this indicates the widening budget deficit and trade deficit.
The US dollar is also declining ahead of the latest US inflation numbers due to be released later in the day, and economists are expecting data to show the core and core Consumer Price Index (CPI) rising 1.5% in January.
However, there are signs that the rate of inflation will reach 2.0% later this year.
プロのトレーダー兼アナリスト、2004 年から金融および外国為替市場のエコノミスト。エジプトのアメリカン大学で MBA を取得。モハメッドは、多くの国際外国為替および金融取引会社で経済ライターおよびテクニカルおよびファンダメンタルズアナリストとして、英語とアラビア語の両方で日々働いています。
