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."

Acuity Trading
Trade The World
Acuity Trading ialah fintech berpangkalan di London yang ditubuhkan pada 2013, pakar dalam data alternatif berkuasa AI dan analisis sentimen untuk dagangan dan pelaburan. Mereka merevolusikan pengalaman dagangan dalam talian dengan alat berita dan sentimen visual, dan terus menerajui pasaran dengan data alternatif penjana alfa dan alat dagangan yang sangat interaktif menggunakan penyelidikan serta teknologi AI terkini.
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

Terokai Lebih Banyak Alat
Akademi Perdagangan
Layari pelbagai artikel pendidikan yang merangkumi strategi perdagangan, wawasan pasaran, dan asas kewangan, semuanya di satu tempat.
Ketahui Lebih Lanjut
Kursus
Terokai kursus perdagangan berstruktur yang direka untuk menyokong pertumbuhan anda di setiap peringkat perjalanan perdagangan anda.
Ketahui Lebih Lanjut
Webinar
Sertai webinar langsung dan atas permintaan untuk mendapatkan wawasan pasaran masa nyata dan strategi perdagangan daripada pakar industri.
Ketahui Lebih Lanjut