The Pound is stepping back. Overview for 28.09.2016
28.09.2016
On Wednesday, the GBP/USD pair is getting weaker after another rumors about stresses for the country’s economy regarding the Brexit.
The British Pound is being sold in the pair with the USD on Wednesday. The current quote for the instrument is 1.3016.
In the middle of the week, Minouche Shafik, the Deputy Governor of the Bank of England, told in her speech that the Great Britain was in a state of serious economic shock after the Brexit. According to her words, at some particular time the country’s economic system may require additional fiscal activities. The time of the QE program expansion will directly depend on the statistics published in the future.
The interest rate of the BoE was decreased in August, after the Brits had chosen to leave the European Union in early summer. Nothing has changed much since then, emotions have gone, but there has been no new information about the Brexit. No one knows, on what stage the Brexit is or it is going to happen at all.
Nevertheless, any references to the country’s possible exit, which promises to be very painful, force the Pound to retreat.
It would seem that the news relating to the Brexit, really serious and important, are going to appear not earlier than December.
RoboForex Analytical Department
The British Pound is being sold in the pair with the USD on Wednesday. The current quote for the instrument is 1.3016.
In the middle of the week, Minouche Shafik, the Deputy Governor of the Bank of England, told in her speech that the Great Britain was in a state of serious economic shock after the Brexit. According to her words, at some particular time the country’s economic system may require additional fiscal activities. The time of the QE program expansion will directly depend on the statistics published in the future.
The interest rate of the BoE was decreased in August, after the Brits had chosen to leave the European Union in early summer. Nothing has changed much since then, emotions have gone, but there has been no new information about the Brexit. No one knows, on what stage the Brexit is or it is going to happen at all.
Nevertheless, any references to the country’s possible exit, which promises to be very painful, force the Pound to retreat.
It would seem that the news relating to the Brexit, really serious and important, are going to appear not earlier than December.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.