GBPUSD Recovers, USDTRY Surges After Election - US Market Open

MARKET DEVELOPMENT – GBPUSD Eyes Another Set of Brexit Votes, USDTRY Surges, ZAR Finds Relief

市场发展 - 英镑兑美元关注另一套英国退欧票数，美元飙升，ZAR发现救济

GBP: The Pound continues to rebound from the lows seen last week with the currency briefly pushing above the 1.31 handle against the greenback as GBP watchers awaits tonights indicative Brexit votes (For more, click here). Elsewhere, a notable jump in the UK Mfg. PMI to 55.1 from 52.1 gave the Pound a modest boost. However, on closer inspection the headline is somewhat misleading given that the strength in the figure had been led by another wave of record stockpiling as businesses step up preparations for Brexit. Consequently, Mfg. PMI in the UK begin the push lower soon.

英镑：英镑继续从上周的低点反弹由于英镑观察者等待今晚的英国退欧票数（点击此处查看），英镑兑美元汇率突破1.31关口。其他方面，英国制造业指数从52.1升至55.1，令英镑小幅上扬。然而，经过仔细检查，标题有点误导，因为随着企业加大对英国脱欧的准备，图中的强度已经被另一波创纪录的储备浪潮所引导。因此，英国制造业采购经理人指数很快开始降低。

TRY: Following the results of the local elections in Turkey, in which President Erdogan‘s party had lost control in Ankara and also trailed in Istanbul, USDTRY had surged as much as 2.5%. Given that Turkey is currently in a recession, this blow to President Erdogan’s leadership could see criticism over high interest rates re-emerge and its negative impact on growth. As such, risks will likely remain tilted to the downside in the near term for the Turkish Lira.

尝试：继土耳其地方选举结果之后，埃尔多安总统的政党失去了控制权安卡拉也落后于伊斯坦布尔，USDTRY飙升2.5％。考虑到土耳其目前处于衰退之中，对埃尔多安总统领导层的这一打击可能会引发对高利率的批评，以及对增长的负面影响。因此，土耳其里拉的风险很可能在短期内倾向于下行。

ZAR: The South African Rand is outperforming against the US Dollar this morning after relief amid Friday‘s inaction from Moody’s over South Africa‘s sovereign rating, subsequently keeping its investment grade status. Alongside this, given the slightly encouraging Chinese PMI data overnight, risk appetite and EM’s have been supported.

ZAR：南非兰特今天早上表现优于美元。周五穆迪对南非的主权评级不采取行动，随后保持其投资等级地位。除此之外，鉴于中国PMI数据在一夜之间略微令人鼓舞，风险偏好和新兴市场数据得到了支持。

Source: Thomson Reuters, DailyFX

来源：汤森路透，DailyFX

DailyFX Economic Calendar: – North American Releases

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--- Written by Justin McQueen, Market Analyst

---由市场分析师Justin McQueen撰写