Today on Thursday (July 7), the GBPUSD opened at 1.1924 and closed at 1.1920 yesterday. So far, the highest has touched 1.1930 and the lowest has been 1.1907. Temporarily reported 1.1916, down 0.04%. The US dollar was temporarily reported at 107.05, a decrease of 0.02%; the Canadian dollar was temporarily reported at 0.7664, a decrease of 0.04%
In early Asian trading on Thursday (July 7), the U.S. dollar traded around 107, and the pace of aggressive U.S. interest rate hikes and risk aversion drove the U.S. dollar higher; the minutes of the fed meeting showed that the July rate hike was 50 basis points and 75 basis points All possible, this fact shows that the Fed has acknowledged the impact of interest rate hikes on the economy; the euro has been dragged down by worries about the European energy crisis, and the euro has continued to fall against the dollar, hitting a new low in two decades.
On July 6, local time (the last trading day), the British Minister of Local Development, Community and Housing Michael Gove was sacked by Prime Minister Johnson. He is not the first, before him, more than 40 officials have resigned due to loss of confidence in Johnson; the wave of departures in the UK has left Johnson in a precarious situation, causing market jitters and putting pressure on the pound.
In addition, British inflation has soared above 9%, and the economy is facing the risk of recession, which has formed the “internal worry” of the United Kingdom. At the same time, it has also caused the national currency pound to depreciate all the way. In addition, the United Kingdom faces greater economic risks in the future, and the Bank of England is in a state of rot. In terms of monetary tightening policies, it continues to lag behind the United States and other countries, and the energy crisis has formed the United Kingdom. “foreign trouble”. Just now, the pound has fallen 12% against the dollar . , all the way down to below 1.120.
GBPUSD
The pound fell in shock yesterday, the daily line closed down slightly, and the exchange rate trading around 1.1920. In addition to the fact that the us dollar index continued to climb and broke through the 107.00 mark under the support of favorable factors such as rising expectations for interest rate hikes by the Federal Reserve and the lack of risk aversion in the market, which was the main reason for the weakening of the pound, more than 40 officials of the British government have resigned, the United Kingdom Rising concerns about political uncertainty also weighed on the exchange rate to some extent. Today, we are concerned about the pressure situation near 1.2000, and the bottom support is near 1.1800.