India
2020-04-18 16:14
Market analysisThe Two Key Factors Causing Pound’s Decline
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Market analysis:
The pound has been sluggish lately, and the following 2 factors, among others, have played a crucial role in the pound’s continuous decline.
1.Brexit uncertainties remain
Brexit trade talks have been halted due to the global pandemic, and combined with the remark of government spokesman Slack on Thursday that Britain will not extend the transition period of Brexit, investors doubt that the two sides will be able to settle the Brexit trade deal before the end of this year.
2.Investment sentiment has deteriorated
With the temporary stock market rally that lasted just 2 weeks, the constantly shrinking economic indicators and the gloomy global economic outlook projected by major investment banks and financial institutions, the severe impacts of lockdown measures on business activities have begun to show, while market optimism was dampened as well.
Britain has a well-developed financial service industry and London is a widely acknowledged global
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The Two Key Factors Causing Pound’s Decline
India | 2020-04-18 16:14
The pound has been sluggish lately, and the following 2 factors, among others, have played a crucial role in the pound’s continuous decline.
1.Brexit uncertainties remain
Brexit trade talks have been halted due to the global pandemic, and combined with the remark of government spokesman Slack on Thursday that Britain will not extend the transition period of Brexit, investors doubt that the two sides will be able to settle the Brexit trade deal before the end of this year.
2.Investment sentiment has deteriorated
With the temporary stock market rally that lasted just 2 weeks, the constantly shrinking economic indicators and the gloomy global economic outlook projected by major investment banks and financial institutions, the severe impacts of lockdown measures on business activities have begun to show, while market optimism was dampened as well.
Britain has a well-developed financial service industry and London is a widely acknowledged global
Others
Others
Others
Stock
Others
Others
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