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BOE’s Bond Purchases Are Unable To Turn Around A Hopeless Situation Of GBPUSD?

Don’t miss the opportunity to make a profit, check the trends in GBPUSD now>>

The new British Prime Minister Tesla announced a comprehensive tax cut, exacerbating market concerns about the UK’s fiscal and inflation prospects, weighing on the GBPUSD. Although the Bank of England urgently purchased 1.415 billion pounds of government bonds to stabilize the market, the GBPUSD showed a rebound situation, but this action did not ease market concerns successfully, GBPUSD continued to fall. The outlook for the pound remains bleak, coupled with the unstoppable gains of dollar, GBPUSD might continue to fluctuate and go down.

The trend of the GBPUSD can be paid attention to…

-Latest news on the Russian-Ukrainian war
-14:00 UK second quarter GDP final value (YoY)
-20:30 US Core PCE Price Index (YoY) (August)
-22:00 The final value of the University of Michigan Consumer Confidence Index (September)
Which will influence the trend of GBPUSD, investors must grasp the timing of placing orders.
Daily Focus allows you to understand the GBPUSD markets, increase profit opportunities, and immediately seize the opportunities.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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