- Pound's Stirling is strongly functioning among risk -sensitive currencies on the expectation that the United States does not face the United States's large amount of tariffs.
- After the US President imposed tariffs on Canada, Mexico, and China, market emotions avoid risks.
- BoE is expected to reduce interest rates to 4.5 % of 25 BPS.
Pound Stinging (GBP) is a major friend, excluding investors, except for safe home assets such as US dollars (USD) and Japanese yen (JPY) on Monday to be convinced that the UK (UK) will not face a large amount. It is better. Credit from the United States (USA).
On the weekend, US President Donald Trump was a 25 % tariff in Canada and Mexico on weekends and 10 % in China. Trump has already threatened to raise tariffs on North American partners, with illegal immigrants and the deadly opiodfentanil to join the country. Along with North American friends and China, Trump threatened to impose tariffs on Europe, but he took a softer approach to the UK, but may have tariffs, but Prime Minister Starge of Keal said. I was convinced that the transaction would be done because it was very nice. This has improved the appeal of poundstering in the risk -sensitive currency.
In domestic flights, investors will be announced on Thursday, focusing on the Financial Policy decision of England (BOE).
I am convinced that BOE will reduce interest rates by 4.50 % to 25 Basis points (BPS). Of the nine members -led monetary policy committees (MPCs), seven members are expected to vote for 25 BPS interest rates, but they can support them without changing interest rates. It is expected. BoE's policy creator CATHERINE MANN, a frankly hawk, is expected to be one of these two members.
Market participants are confident that BOE will reduce interest rates on the back of the UK (British) inflation pressure and the risk of increasing the risk of soft -labver demand. British core consumer price index (CPI) -excludes the price of unstable items such as energy and food, but slowed down to 3.2 % in December. The three -month labor market data ended in November has announced that employers' contributions will be added to new workers with an economic 35k and employers will increase the contribution of employers to national insurance (NI). It was shown that the employer delayed the employment process for the dissatisfaction with the Prime Minister.
In terms of economics, the revised estimated values of S & P Global/Cips Manufacturing PMI were 50.1, as shown in the flashing.
Today's British pound price
The following table shows the change rate of the British pound (GBP) to the major currencies in today. The British pound was the strongest for New Zealand dollars.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.22 % | 0.71 % | -0.06 % | -0.18 % | 1.05 % | 0.55 % | 0.16 % | |
| EUR | -1.22 % | -0.11 % | 0.02 % | -0.10 % | 0.27 % | 0.63 % | 0.24 % | |
| GBP | -0.71 % | 0.11 % | -0.97 % | 0.01 % | 0.39 % | 0.74 % | 0.36 % | |
| JPY | 0.06 % | -0.02 % | 0.97 % | -0.11 % | 1.26 % | 1.53 % | 0.87 % | |
| CAD | 0.18 % | 0.10 % | -0.01 % | 0.11 % | 0.13 % | 0.73 % | 0.35 % | |
| AUD | -1.05 % | -0.27 % | -0.39 % | -1.26 % | -0.13 % | 0.35 % | -0.03 % | |
| NZD | -0.55 % | -0.63 % | -0.74 % | -1.53 % | -0.73 % | -0.35 % | -0.38 % | |
| Chf | -0.16 % | -0.24 % | -0.36 % | -0.87 % | -0.35 % | 0.03 % | 0.38 % |
The heat map shows the changing rate of major currencies to each other. Basic currencies are selected from the left row, and the quota is selected from the top line. For example, if you select a British pound from the left column and move to the US dollar along the horizon, the change rate displayed in the box represents GBP (base)/USD (Quote).
Daily digest market Mover: Pound Stirling decreases to US dollars in the risk -off mood
- The pound sterling recovers around 1.2300 from the minimum value of 1.2250 (USD) to nearly 1.2300 in a Monday European session and rebounds to nearly 1.2300. At the beginning of the day, GBP/USD pairs were forced to impose tariffs on Canada, Mexico, and China, who surprised the global financial markets, and were forced to transfer to a safe fleet. I opened the gapdown.
- The disastrous market emotions have a sharp increase in US dollars (USD), which functions strongly in turbulent environments. The US dollar index (DXY), which tracks the value of a green back for six major currencies, is a gathering of 109.50, the highest level that can be seen in more than two weeks.
- In terms of economics, investors pay close attention to labor market -related economic indicators this week. This affects market speculation during the period of maintaining interest rates at the current level of the Federal Preparatory System (Fed). After the Fed's Policy Conference on Wednesday, whose Fed has not been changed in a range of 4.25 % to 4.50 %, Chairman Jerome Powell says that the coordination of the monetary policy is “a true progress of inflation or some weaknesses.” He said that it would only be appropriate. Labor market.
- In the Monday session, investors will focus on S & P Global manufacturing PMI data, which has been revised as the US Supply Management (ISM) Management (PMI) in January. ISM manufacturing PMI is estimated to have improved to 49.5, and is presumed that it is still below the 50.0, which separates extensions from extension from 49.3 in December, and the factory activity has shrunk but the pace is slow. Suggests that.
Technical analysis: Poundstering sees nearly 1.2100 drawbacks for USD
The pound staring returned to nearly 1.2250 because it did not extend the recovery beyond the 50 -day index transfer average (EMA), which was traded at about 1.2500 last week. The cable prospect is weak when sliding under the 20 days of EMA.
The 14 -day relative strength index (RSI) decreases to nearly 40.00. If the RSI is below that level, the pair must face the bearing momentum
Looking down, the lowest value of 1.2100 LOW on January 13 and 1.2050 in October 2023 will function as a major pair of support zones. As an advantage, the high price of 1.2607 on December 30 functions as an important resistance.
Customs FAQ
Customs duties are duties imposed in the import of specific products or categories of products. Customs duties are designed to support local producers and manufacturers more competitive in the market by providing price advantage rather than similar products that can be imported. Customs duties are widely used as a protective tool, along with trade barriers and import assignments.
Both tariffs and taxes generate government income to provide funds to public goods and services, but there are several distinctions. Customs duties are paid in advance at the immigration port, but taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, and customs duties are paid by importers.
There are two ways of thinking about the use of tariffs. Some claim that tariffs are needed to protect domestic industries and deal with trade imbalance, but others may raise them over the long term, and THE-TAT tariffs. Some believe that encouraging it is a harmful tool that can damage the trade war.
In the preparation for the presidential election in November 2024, Donald Trump stated that he would use tariffs to support the US economy and US producers. In 2024, Mexico, China and Canada accounted for 42 % of the US imported products. According to the US Census, Mexico was $ 466.6 billion and was outstanding as a top export country. Therefore, Trump wants to concentrate on these three countries when imposing tariffs. He also plans to reduce the personal income tax using the profit generated through customs duties.
