Jinshi data, August 14th news, Macquarie Group said that the UK inflation data is developing in the right direction, which supports the reason for the Central Bank of England to cut interest rates. Gareth Berry, a strategist for Singapore forex and interest rates, said that if the pricing for the entire four months is wiped out, then the market is correct. The data has improved, so inflation is developing in the right direction, and the service industry data is encouraging. Berry said, 'We believe that the pound against the dollar will not reach 1.30 again until the middle of next year, and will continue to maintain this level, and then by the end of next year, we will reach 1.32.' 'This is because people believe that there has been a positive change in the political background,' Berry said.
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Macquarie: The market seems to have priced in the rate cut by the Central Bank of England correctly
Jinshi data, August 14th news, Macquarie Group said that the UK inflation data is developing in the right direction, which supports the reason for the Central Bank of England to cut interest rates. Gareth Berry, a strategist for Singapore forex and interest rates, said that if the pricing for the entire four months is wiped out, then the market is correct. The data has improved, so inflation is developing in the right direction, and the service industry data is encouraging. Berry said, 'We believe that the pound against the dollar will not reach 1.30 again until the middle of next year, and will continue to maintain this level, and then by the end of next year, we will reach 1.32.' 'This is because people believe that there has been a positive change in the political background,' Berry said.