La sterlina britannica estende le perdite dopo i deboli PMI britannici – MarketPulse

• British pound extends losses
• UK manufacturing and services PMIs decline in July

The British pound continues to lose ground. In the North American session, GBP/USD is trading at 1.2822, down 0.23%. The pound has been on a nasty slide, losing over 300 points since July 14th.

UK manufacturing and services PMIs ease in July

The week started on a sour note, as the UK manufacturing and services PMIs both slowed in July. Manufacturing fell to 45.0, below the June reading of 46.5 and the consensus estimate of 46.1 points. The manufacturing sector has now declined for 12 straight months and today’s release marked the PMI’s lowest level this year. Services slipped to 51.5, down from 53.7 and shy of the consensus of 52.4 points. This marked a 6-month low and pointed to weaker growth in business activity, which has been a key driver of the economy.

It’s a very light data calendar in the UK, with no other tier-1 releases this week. Still, it could be a busy week for GBP/USD, with the Federal Reserve decision on Wednesday and US GDP on Thursday.

Fed expected to hike on Wednesday

The Federal Reserve meets on Wednesday and the money markets have priced in a 0.25% hike as a near certainty and are heavily leaning towards a pause in September. This stance may be out of sync with the Fed, as Jerome Powell and other members have voiced concern that inflation isn’t falling fast enough and that could be a hint at further rate hikes after July.

With the economy performing well and the labour market remaining tight, an argument can be made that the Fed has a golden opportunity to keep tightening in order to push inflation back to the 2% target. There have been concerns about whether the Fed can guide the economy to a soft landing, but the economic data is looking good and the chances of a major recession are low.

.

GBP / USD Tecnico

• GBP/USD tested resistance at 1.2858 earlier. Next, there is resistance at 1.2932
•  C'è supporto a 1.2757 e 1.2637

Il contenuto è solo a scopo informativo generale. Non è un consiglio di investimento o una soluzione per acquistare o vendere titoli. Le opinioni sono gli autori; non necessariamente quello di OANDA Business Information & Services, Inc. o di una delle sue affiliate, consociate, funzionari o direttori. Se desideri riprodurre o ridistribuire uno qualsiasi dei contenuti trovati su MarketPulse, un pluripremiato servizio di analisi di forex, materie prime e indici globali e sito di notizie prodotto da OANDA Business Information & Services, Inc., accedi al feed RSS o contattaci all'indirizzo info@marketpulse.com. Visita https://www.marketpulse.com/ per saperne di più sul ritmo dei mercati globali. © 2023 OANDA Business Information & Services Inc.

Analista dei mercati finanziari di grande esperienza con un focus sull'analisi fondamentale, il commento quotidiano di Kenneth Fisher copre un'ampia gamma di mercati tra cui forex, azioni e materie prime. Il suo lavoro è stato pubblicato in diverse importanti pubblicazioni finanziarie online tra cui Investing.com, Seeking Alpha e FXStreet. Con sede in Israele, Kenny contribuisce a MarketPulse dal 2012.

Ultimi post di Kenny Fisher (vedere tutte le)

• Distribuzione di contenuti basati su SEO e PR. Ricevi amplificazione oggi.
• PlatoData.Network Generativo verticale Ai. Potenzia te stesso. Accedi qui.
• PlatoAiStream. Intelligenza Web3. Conoscenza amplificata. Accedi qui.
• PlatoneESG. Automobilistico/VE, Carbonio, Tecnologia pulita, Energia, Ambiente, Solare, Gestione dei rifiuti. Accedi qui.
• BlockOffset. Modernizzare la proprietà della compensazione ambientale. Accedi qui.
• Fonte: https://www.marketpulse.com/news-events/central-banks/british-pound-extends-losses-after-soft-uk-pmis/kfisher