The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The UK economic data has provided the sterling with support this week as most major reports beat consensus forecasts.
Underlying average earnings strengthened to an 11-year high of 3.9% from 3.6% previously. The headline CPI inflation rate increased to 2.1% from 2.0% while retail sales also posted a monthly gain for July, stronger than expectations of a small decline.
The domestic data suggests that the Bank of England will need to be very cautious in easing monetary policy. The inflation and wages data would back the case for a small increase in interest rates.
Industrial sentiment remains depressed, but the Bank of England will hardly be able to sort it out through interest rates, especially with the sterling already very weak.
There is a strong likelihood that the Federal Reserve will cut interest rates again at the September meeting and that the ECB will announce an aggressive easing package next month. Given global monetary easing, net UK yields have, therefore improved.
Political factors will inevitably set the tone for the sterling given the underlying Brexit uncertainty. The government under Prime Minister Johnson remains committed to leaving the EU on October 31st even if no deal with the EU can be reached.
A majority of the House of Commons members remain committed to avoiding any no-deal outcome with the scene set for an intense political battle from early September when parliament returns from recess.
The G7 Summit on August 24-26th will provide clues to Brexit prospects as Boris Johnson is likely to meet key EU officials including German Chancellor Merkel. Overall political risk premiums will remain very high, although derivative markets indicate that underlying selling pressure on the sterling has eased slightly.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।