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Abstract:Recent survey shows Britain’s 10-year bond yield has dropped to 0.484%, the lowest since October 10th, 2019.
Recent survey shows Britains 10-year bond yield has dropped to 0.484%, the lowest since October 10th, 2019.
British economic growth has weakened while showing clear signs of overcapacity. In addition,
Britain‘s inflation remains lower than the central bank’s 2% target range, even falling to a 3-years low at 1.3% last December. Meanwhile, the country still faces uncertainties of Brexit.
Its expected that the Bank of England will make a dovish statement and cut the benchmark interest rate by 25 basis points to 0.5%. The momentum of economic rebound may subside in the second half of 2020, or even earlier, because the pressing deadline for EU-Britain trade deal will result in Brexit uncertainties that prevail the market.
GBP/USD daily pivot points 1.3008---1.3014
S1 1.2995 R1 1.3034
S2 1.2972 R2 1.3050
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
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