Sterling falling on surprise UK inflation decline.
GBPUSD under the bearish pressure today reflecting the widespread bearish sterling sentiment after data showed a surprise decline in inflation in Britain in February. British consumer price inflation fell to 0.4% in February from 0.7% in January, in the biggest annual drop in clothing prices since 2009. In response to this British two-year government bond yields hit one-month low and briefly dipped below zero when trading started after the release of weak inflation data – which is a bearish signal for the sterling. The a strengthened dollar on rising bond yields and the European Union considering a ban on COVID-19 vaccine exports to Britain are the other bearish factors weighing on this currency pair.
Торгуйте с настоящим брокером. Одни из самых низких спредов на рынках Форекс, драгоценных металлов, энергоносителей. Рыночное исполнение ордеров по лучшим ценам от поставщиков ликвидности первого уровня.
GBPUSD overview 24.03.2021
Sterling falling on surprise UK inflation decline.
GBPUSD under the bearish pressure today reflecting the widespread bearish sterling sentiment after data showed a surprise decline in inflation in Britain in February. British consumer price inflation fell to 0.4% in February from 0.7% in January, in the biggest annual drop in clothing prices since 2009. In response to this British two-year government bond yields hit one-month low and briefly dipped below zero when trading started after the release of weak inflation data – which is a bearish signal for the sterling. The a strengthened dollar on rising bond yields and the European Union considering a ban on COVID-19 vaccine exports to Britain are the other bearish factors weighing on this currency pair.
Expect sellers on upward corrections.
Next support to watch – 1.3625
Торгуйте с настоящим брокером. Одни из самых низких спредов на рынках Форекс, драгоценных металлов, энергоносителей. Рыночное исполнение ордеров по лучшим ценам от поставщиков ликвидности первого уровня.
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