UK Inflation Cools Down Pound

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: UK Inflation Cools Down Pound
FxPro | 35 ngày trước

UK Inflation Cools Down Pound

UK consumer inflation was weaker than expected. The annual rate of price increases slowed to 2.8% from 3.0%. It remains well above the local low of 1.7% recorded in September. The latest deceleration is still more of a hope than a signal that inflation is slowing, as the previous reading was the highest since March 2024.

However, the downside surprise may allow the Bank of England to return to cutting interest rates sooner and maintain the pace of quarterly cuts.

The GBPUSD reacted to the weaker-than-expected data by falling around 0.5% to 1.2885 before stabilising around 1.2900. Technically, the Pound is at risk of a correction (at least) after a 7.5% rally from the January lows. In the middle of last week, the GBPUSD stalled near 1.3000, clearly reluctant to cross the psychologically important line without fundamental support and amid accumulated local overheating.

Possible correction targets are 1.2800 and 1.2650. The 200-day moving average and 76.4% retracement level lie around the former. The 50-day average and 61.8% level cross the latter.

By the FxPro Analyst Team

Cơ quan quản lý: FCA (UK), SCB (The Bahamas)
read more
ATFX Market Outlook 30th April 2025

ATFX Market Outlook 30th April 2025

On Tuesday, President Trump signed an executive order combining tariff credits and duty exemptions for specific auto parts to mitigate the impact of auto tariffs. U.S. stocks rose sharply, with the Dow Jones up 0.75%, the S&P 500 gaining 0.58%, and the Nasdaq climbing 0.55%. The benchmark 10-year U.S.
ATFX | 1 ngày trước
ATFX Market Outlook 29th April 2025

ATFX Market Outlook 29th April 2025

The S&P 500 index closed nearly flat on Monday after a choppy session, weighed down by losses in mega-cap stocks. Investors focused on several key drivers, including upcoming significant U.S. corporate earnings and critical economic data. Among the three major U.S. stock indexes, the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.06%, and the Nasdaq Composite slipped 0.1%.  
ATFX | 2 ngày trước
ATFX Market Outlook 28th April 2025

ATFX Market Outlook 28th April 2025

A new survey from the Federal Reserve indicates that rising global trade risks, overall policy uncertainty, and concerns about U.S. debt sustainability rank among the top potential threats to the U.S. financial system. U.S. consumer confidence declined for the fourth consecutive month in April, as worries grew over the economic impact of tariffs.
ATFX | 3 ngày trước
ATFX Market Outlook 25th April 2025

ATFX Market Outlook 25th April 2025

U.S. initial jobless claims rose only slightly last week, suggesting that the labour market remains resilient despite the uncertainty caused by chaotic trade policies. Federal Reserve officials stated in interviews that they see no need to adjust monetary policy and are seeking more information on how President Trump’s trade tariffs might affect the broader economy.
ATFX | 6 ngày trước
ATFX Market Outlook 24th April 2025

ATFX Market Outlook 24th April 2025

U.S. Treasury Secretary stated that the high tariffs between China and the U.S. are unsustainable and that both sides should reduce tariffs before resuming negotiations. U.S. stocks rose on Wednesday as hopes of easing U.S.-China trade tensions were rekindled.
ATFX | 7 ngày trước