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BRITISH POUND / US DOLLAR (GBP/USD)

Delayed Quote. Delayed  - 06/17 09:23:26 pm
1.39331 USD   -0.03%
05:36pDollar Lost 0.43% to 110.24 Yen -- Data Talk
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05:36pSterling Lost 0.44% to $1.3926 -- Data Talk
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05:36pEuro Lost 0.75% to $1.1907 -- Data Talk
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British Pound / US Dollar (GBP/USD) : British Pound/US Dollar (GBP/USD): Currencies: a forward-looking pound

06/09/2021 | 10:44am EDT

Focus this week on the British pound, which has been enjoying a good period for several months while the prognosis was not really in its favor not so long ago, between the beginning of a catastrophic pandemic and the consequences of Brexit. Britain could still reach the first place in terms of rate hikes, which reinforces the attractiveness of the cable, the GBP/USD pair. But beware of the 4th wave anyway.

Mitsubishi UFJ is still playing the pound higher, based on a cluster of positive elements, in particular a quasi-advanced speech from the Bank of England. The BoE has openly hinted at the start of a rate tightening cycle as early as next year, while other central banks are busy convincing investors that they are not even considering the start of the smallest turn of the screw. "These comments have positioned the BoE in the minds of market participants as one of the first G10 central banks to start raising rates, alongside the Bank of Norway, the Bank of China and the Bank of New Zealand," says FX specialist Lee Hardman.

La forte appréciation de la livre face au dollar

Going long on cable will be all the more interesting if economic data from the UK continues to surprise positively. Retail sales and spending in general are up sharply. So much so that the BoE's forecast for Q2 growth of 4.3% now looks fairly conservative," Hardman adds. The only thing to watch out for is a possible pandemic recovery fueled by the new mutation of the coronavirus. But for now, investors are assuming that the vaccination will limit any further disruption to the UK economy, in a country where 75% of the population has received one dose and half a second.

Tableau croisé des devises au 8 juin 2021
Currency cross-tabulation as of June 8, 2021

ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.02% 0.54197 Delayed Quote.-2.94%
BANK OF CHINA LIMITED 0.36% 2.82 End-of-day quote.6.42%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.01% 1.84453 Delayed Quote.3.19%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) 0.00% 1.72059 Delayed Quote.-1.29%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.07% 153.661 Delayed Quote.9.84%
BRITISH POUND / NEW ZEALAND DOLLAR (GBP/NZD) 0.08% 1.98836 Delayed Quote.3.98%
BRITISH POUND / SWISS FRANC (GBP/CHF) 0.00% 1.2788 Delayed Quote.4.67%
BRITISH POUND / US DOLLAR (GBP/USD) -0.03% 1.39328 Delayed Quote.2.96%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.01% 0.581226 Delayed Quote.1.29%
EURO / BRITISH POUND (EUR/GBP) -0.02% 0.8544 Delayed Quote.-3.62%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.08% 0.009676 Delayed Quote.-3.37%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 1.18% 618 End-of-day quote.35.50%
US DOLLAR / BRITISH POUND (USD/GBP) 0.02% 0.717721 Delayed Quote.-2.88%
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