Core Viewpoint - The British pound is experiencing a slight decline against major currencies, influenced by expectations of interest rate cuts from the Bank of England and new tax announcements from the UK government [1][3]. Economic Indicators - The UK job market shows signs of weakness, with employment growth slowing and inflation rates decreasing, leading investors to anticipate a 25 basis point rate cut by the Bank of England to 3.75% [3]. - The UK government plans to implement a tax increase of £26 billion by the fiscal year 2029-30 to address fiscal deficits, which has contributed to a decline in UK government bond yields [3]. Market Dynamics - The GBP/USD exchange rate is stabilizing around 1.3230, with the dollar weakening due to expectations of a Federal Reserve rate cut in the upcoming policy meeting [3]. - The US dollar index (DXY) has reached a two-week low of approximately 99.30, reflecting a broader trend of dollar weakness [3][4]. Technical Analysis - The GBP/USD pair is consolidating around the 1.3224 level, with a bullish reversal pattern forming, although the 200-day EMA at 1.3265 remains a significant resistance point [6]. - The Relative Strength Index (RSI) is at 52.75, indicating a neutral to bullish momentum, suggesting potential upward movement if the 200-day EMA is decisively broken [6].
盾博：英银降息预期压顶，英镑兑美元能否突破200日均线？
Sou Hu Cai Jing·2025-12-01 09:53