GU not honoured 1.154xx to 1.164xx support; i anticipate GU gonna retest Covid 19 low 1.143xx. UK is Already in a Recession, and Inflation is Set to Hit 14%.
The next Prime Minister of the UK comes to a head on Monday with the announcement expected around 12:30 GMT. The current frontrunner Liz Truss and her allies have made the BoE a political punching bag, dragging Governor Andrew Bailey’s handling of the aftermath of the pandemic into the limelight. Ms. Truss has been making waves in the election race as her plan for the BoE is seen as a threat to the Pound and UK Bonds. Truss’s thoughts on how to manage the Bank of England are adding to a mounting list of threats to the value of the pound and UK government bonds. The main concern stems from Truss’s rhetoric of potentially upending a three-decade-long focus on fighting inflation and telling policymakers to use tools that were discredited in the 1980s. Part of her solution includes a radical shake-up of how Covid debt is treated and a review of the BoE’s mandate. For now, markets aren’t pricing in any major changes for the BoE as GBPUSD weakness has more to do with sentiment around inflation and the strength of the US dollar. Should this come to pass however we could see a selloff in gilts and a selloff in sterling as well, with the prospect of parity to the US Dollar coming into play.
DISCLAIMER
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea.
Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
The next Prime Minister of the UK comes to a head on Monday with the announcement expected around 12:30 GMT. The current frontrunner Liz Truss and her allies have made the BoE a political punching bag, dragging Governor Andrew Bailey’s handling of the aftermath of the pandemic into the limelight. Ms. Truss has been making waves in the election race as her plan for the BoE is seen as a threat to the Pound and UK Bonds. Truss’s thoughts on how to manage the Bank of England are adding to a mounting list of threats to the value of the pound and UK government bonds. The main concern stems from Truss’s rhetoric of potentially upending a three-decade-long focus on fighting inflation and telling policymakers to use tools that were discredited in the 1980s. Part of her solution includes a radical shake-up of how Covid debt is treated and a review of the BoE’s mandate. For now, markets aren’t pricing in any major changes for the BoE as GBPUSD weakness has more to do with sentiment around inflation and the strength of the US dollar. Should this come to pass however we could see a selloff in gilts and a selloff in sterling as well, with the prospect of parity to the US Dollar coming into play.
DISCLAIMER
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea.
Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.