The bounce in economic optimism | 31 8月 2023

31 8月 2023, GBP/USD

The bounce in economic optimism

GBPUSD trading plan:

British companies are their most confident since, according to a survey that also showed they planned to keep on raising prices and staff pay, adding to worries for the Bank of England about high inflation. The BoE raised rates for the 14th time in a row this month to counter an inflation rate running at almost 7%. But the quarter-percentage-point increase was smaller than June's 50-basis-point hike. Investors mostly expect the Bank Rate to peak this year at 5.75%, up from its current level of 5.25%. Britain has avoided a widely forecast recession so far this year but worries about an economic slowdown grew last week when a measure of business activity in August fell to its lowest since January 2021.

Investment idea: range 1.2660 -1.2750.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus