GBP: Wild ride on the day – ING
It has been quite easy to lose track of the UK government's messaging regarding November's budget, ING's FX analyst Chris Turner notes.

It has been quite easy to lose track of the UK government's messaging regarding November's budget, ING's FX analyst Chris Turner notes.

EUR/GBP is likely to trade much under 0.88

"Whether an increase in major income taxes is required or not is uncertain. After last week's gyrations, the 10-year UK Gilt-German Bund spread ended the week at 186bp – some 14bp wider than the narrowest levels last week and most likely incorporating the view that the Labour government will pursue the path of political expediency over fiscal prudence by avoiding a major rise in taxes."

"While EUR/GBP has come lower and short-term GBP rates higher on the view that the income tax rate may not be raised after all, we doubt EUR/GBP needs to trade much under 0.88, if at all. And a softer UK October CPI number tomorrow could easily see sterling under a bit more pressure again."

FXStreet
Trade The World
Lebih dari satu juta pengguna mengandalkan FXStreet untuk data pasar real-time, alat charting, wawasan ahli, dan berita forex. Kalender ekonomi komprehensif dan webinar edukatif membantu trader tetap mendapat informasi dan membuat keputusan terukur. FXStreet memiliki sekitar 60 profesional yang tersebar antara kantor pusat Barcelona dan berbagai wilayah global.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Jelajahi Lebih Banyak Tools
Akademi Trading
Jelajahi berbagai artikel edukasi yang mencakup strategi trading, wawasan pasar, dan dasar-dasar keuangan, semua dalam satu tempat.
Pelajari Lebih Lanjut
Kursus
Jelajahi kursus trading terstruktur yang dirancang untuk mendukung pertumbuhan Anda di setiap tahap perjalanan trading Anda.
Pelajari Lebih Lanjut
Webinar
Ikuti webinar langsung dan on-demand untuk mendapatkan wawasan pasar real-time dan strategi trading dari para ahli industri.
Pelajari Lebih Lanjut