- 湖南纬德火热招代理:
- 湖南纬德火热招代理
- 湖南纬德火热招代理:
- 湖南纬德火热招代理
- 湖南纬德火热招代理:
- 湖南纬德火热招代理
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This month, GBP/USD has fallen by %, taking its year-to-date decline to %. But Goldman Sachs expects the pound to continue falling.
Goldman Sachs foreign exchange strategist and C pointed out in a report on Wednesday that the pound may depreciate by up to % against the US dollar by the end of this year. The specific reasons are as follows:
.The negative impact of the Brexit negotiations has not yet fully emerged:
&Although many difficulties in the Brexit negotiations have been exposed to the public last week, We believe these negative news have not yet been fully reflected in the FX market. &r
.Economic data are murky:
&The data are expected to continue to deteriorate next year, which will bring more downside risks and have a negative impact on the pound. &r
.BoE policy won’t be positive for GBP:
&Monetary and fiscal policy are expected to continue to have a greater impact on economic activity and less on inflation: so worst-case scenario, policy news There will be a neutral impact on GBP, and in the best case scenario, policy news will have a negative impact on GBP. &r
.The Federal Reserve may raise interest rates in May:
&The repricing of the Federal Reserve’s interest rate hikes in May and the consequent strengthening of the US dollar may also promote the corresponding depreciation of the pound against the US dollar. &r
. The depreciation of the pound by % is not a new thing:
&As shown in the figure below, even if there is no payment crisis, the pound has experienced a cycle in history in which it has depreciated by at least % in less than a year. . In these circumstances in the past, the UK either adopted a floating exchange rate system or a linked exchange rate system. In this case, the British government either chose to switch to a floating exchange rate system or announced a one-time devaluation. &r
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