Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Pound is stepping back. Overview for 28.09.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

The Pound is stepping back. Overview for 28.09.2016

On Wednesday, the GBP/USD pair is getting weaker after another rumors about stresses for the country’s economy regarding the Brexit.

The British Pound is being sold in the pair with the USD on Wednesday. The current quote for the instrument is 1.3016.

In the middle of the week, Minouche Shafik, the Deputy Governor of the Bank of England, told in her speech that the Great Britain was in a state of serious economic shock after the Brexit. According to her words, at some particular time the country’s economic system may require additional fiscal activities. The time of the QE program expansion will directly depend on the statistics published in the future.

The interest rate of the BoE was decreased in August, after the Brits had chosen to leave the European Union in early summer. Nothing has changed much since then, emotions have gone, but there has been no new information about the Brexit. No one knows, on what stage the Brexit is or it is going to happen at all.

Nevertheless, any references to the country’s possible exit, which promises to be very painful, force the Pound to retreat.

It would seem that the news relating to the Brexit, really serious and important, are going to appear not earlier than December.
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.