Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The sterling is under pressure amid economic problems in Britain


July, 25 2022
watermark Economic news

On Monday, the exchange rate of the British pound/US dollar currency pair is holding near the level of 1.20, remaining under pressure after the release of weak economic data from the UK. In addition, the pound sterling is declining in anticipation of a possible increase in the key interest rate of the US Federal Reserve by another 75 bps this week. 


Last week, economic data were presented, according to which the growth of business activity in the UK in July was the lowest in 17 months, and inflationary pressure decreased slightly. The increase in consumer prices in the country is mainly due to sky-high fuel prices. 


Moreover, analysts note that the post-crisis recovery of the British economy is currently lagging behind the recovery of other G10 economies. In addition, inflation in the country may be more stable due to Brexit, which will further complicate the task of the Bank of England. 


The next meeting of the British regulator will be held on August 4. Market participants expect the Bank of England to raise the interest rate by 50 basis points.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.