英镑:英国央行灵活立场支撑美元兑英镑——法国巴黎银行
纽约梅隆银行(BNY Mellon)的Geoff Yu指出,英国央行(BoE)收紧预期的减少并未削弱英镑(GBP)。

纽约梅隆银行的Geoff Yu指出,英国央行(BoE)收紧预期的减少并未削弱英镑(GBP)。他认为,英国央行在其职责范围内的灵活性以及不愿对供应冲击过度反应,并未对英镑造成伤害,持续的国内国债需求和正的实际利率抵消了国际上对英国(UK)增长和政治的担忧。

利率重新定价使英镑保持韧性

“在英国和英镑的情况下,利率是否是主导驱动因素尚存疑问,因为大量政治噪音仍在影响经济。英国央行(BOE)行长安德鲁·贝利(Andrew Bailey)曾表示市场利率变动“为英国央行完成了紧缩”,并显然对通过进一步加息来应对供应冲击持怀疑态度。”

“与欧洲央行相比,我们认为英国央行在其价格稳定职责上的灵活性是有意为之,目前并未损害货币。”

“货币政策委员会无法解决英国的结构性问题,但可以避免使其恶化。由于全球敞口不同,资产配置对英国股市与欧元区存在显著差异。”

“能源驱动的供应冲击甚至可能在边际上对英镑有利。国债收益率也很重要,但我们的资金流数据显示,由于正的实际利率,国内购买一直非常稳定。”

“目前限制英镑潜力的是国际因素,主要是对潜在增长和政治的担忧。”

(本文由人工智能工具协助生成,并由编辑审核。 了解更多。

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