Economic Performance - The UK economy grew by 0.3% quarter-on-quarter in Q2 2025, surpassing market expectations of 0.1%, continuing the robust growth trend of 0.7% in Q1 [1] - Notably, the economy expanded by 0.4% in June, significantly exceeding the expected 0.1%, demonstrating strong recovery resilience after a contraction in May [1] - Monthly increases in manufacturing and industrial production were recorded at 0.5% and 0.7% respectively, both outperforming expectations, indicating active performance in the industrial sector [1] Monetary Policy Implications - The strong economic data suggests that the UK economy may be more solid than previously estimated, providing the Bank of England (BoE) with more policy space and reducing the urgency for further interest rate cuts [1] - Market optimism towards the British pound is bolstered by these economic indicators, contributing to a sustained strengthening of its exchange rate [1] Technical Analysis - The mid-term support level for GBP/USD is identified at the 100-day simple moving average (SMA) of 1.3386, followed by the August low of 1.3141 and the May 12 low of 1.3139 [1] - If the latter support level is breached, market focus will shift to the psychological level of 1.3000 [1]
英国经济向好支撑英镑
Jin Tou Wang·2025-08-20 03:02