Group 1 - The core viewpoint of the article highlights the Bank of England's upcoming 12-month quantitative tightening (QT) plan starting in October, which will prioritize the sale of short- and medium-term UK government bonds [1] - Edward Allenby from Oxford Economics indicates that the Bank of England is focusing on short- and medium-term bonds due to more significant pressure signals in these markets compared to long-term bonds [1] - This strategy aims to effectively manage liquidity contraction while minimizing potential impacts on long-term interest rates and financial market stability, reflecting a cautious approach to normalizing monetary policy [1] Group 2 - The GBP/USD exchange rate is currently at 1.3461, down 0.05% from the previous close of 1.3468, following a pullback from an 11-week high of 1.3726 [1] - The 21-day simple moving average (SMA) is at 1.3524, and the 14-day relative strength index (RSI) remains above the 50 midline, suggesting that buyers may still expect this pullback to be short-term [1] - For a meaningful rebound, GBP/USD needs to close above the supply zone of 1.3600-1.3620 on the daily candlestick chart [1]
英国央行量化紧缩侧重中短债 规避长端风险
Jin Tou Wang·2025-09-22 05:07