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Britain's Brexit turned into a "trailer" What is the trend of the pound?

March 15, 2019 02:09
source: Huitong Net

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The current British Parliament has repeatedly rejected the Brexit bill, leaving both the Eurozone and the UK subject to long-term uncertainty. Including the Bank of England and the European Central Bank, currently extremely lowinterest rateThe level is that they are worried about the measures that have to be taken in the event of a recession. The long position of the pound against the dollar will be constrained, unless there is a major turning point in the British Parliament, otherwise the exchange rate is more likely to oscillate in a certain range.

According to technical analysis, the current operation is in the long-term rising band, and the quotation is above the previous rising band rate line, which is relatively strong. The current resistance is at 1.3349. Although it has experienced a breakthrough, it is not yet stable, and there is still a bearish sentiment. From the operational point of view, the current multi-single should be patient, and the overall rising structure is not destroyed at all.

The UK inflation rate is significantly higher than other mainstream developed countries, which is also the basis for long-term support for its rise.GDPGrowth rate and unemployment rate data are not bad, only benchmarksinterest rateThe low level makes people suspect that their better economic situation is due to excessive liquidity and release of liquidity. At present, the United Kingdom faces the issue of Brexit. Congress has repeatedly rejected the Brexit bill, leaving the euro zone and the UK subject to long-term uncertainty. Including the Bank of England and the European Central Bank, the current extremely low interest rate level is what they have to worry about because of the economic downturn caused by Brexit.

The event is ultimately an event that can affectcurrencyThe core economic indicators of supply and demand are interest rates and inflation rates. Nowadays, the global recession, gold risk aversion, the long position of the pound against the dollar will be constrained, unless the British Parliament views a major turning point, otherwise GBPUSD is more likely Constant volatility in a certain interval.

The following table summarizes the news events for this week:

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(Article source: Huitong.com)

                (Editor: DF392)

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