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
A Acuity Trading é uma fintech com sede em Londres fundada em 2013, especializada em dados alternativos e análise de sentimento impulsionados por IA para trading e investimentos. Revolucionou a experiência de trading online com ferramentas visuais de notícias e sentimento e segue liderando o mercado com dados alternativos que geram alfa e ferramentas de trading altamente envolventes usando as pesquisas e tecnologias de IA mais recentes.
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

Explore Mais Ferramentas
Academia de Trading
Navegue por uma ampla gama de artigos educacionais cobrindo estratégias de trading, insights de mercado e fundamentos financeiros, tudo em um só lugar.
Saiba Mais
Cursos
Explore cursos de trading estruturados projetados para apoiar seu crescimento em cada etapa de sua jornada de trading.
Saiba Mais
Webinar
Participe de webinars ao vivo e sob demanda para obter insights de mercado em tempo real e estratégias de trading de especialistas da indústria.
Saiba Mais