【Fundamental × Technical Feature ④】Pound: UK Situation
【Special Feature: Fundamentals × Technical】
Find the best approach to interpreting the market!
This time, we approach the market from both fundamentals and technicals! We analyze major countries and major currency pairs from multiple perspectives to find hints for the best approach facing the market. In addition, we will pick up notable individual stocks, cryptocurrencies, and commodities to give a comprehensive summary of the 2020 market.
For fundamentals, Yen-kura will provide the outlook for stock indices and exchange rates, while for technicals, Kadomari Yasushi will provide the long-term view on major currency pairs, including analyses from forex professionals!
・② Dollar: United States' situation
・④ Pound: UK's situation ←This article is here
・(11) AUD/USD: Chart analysis
・(12) Markets beyond currency pairs (NASDAQ & GAFA, crypto assets & commodities)
※This article is a reprint and re-edit of FX攻略.com March 2021 issue. Please note that the market information stated in the text may differ from the current market.
YEN-kura's Profile
Worked for over 20 years as a foreign exchange dealer at U.S. Citibank and U.K. Standard Chartered Bank and other foreign banks. Currently a top professional trader handling forex, the Nikkei 225, Nikkei options, and individual stock trading. President & CEO of ADVANCE, Inc., which mainly distributes investment information.
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Yasushi Yamanaka's Profile
Director at Ascendant. Joined Bank of America in 1982, became Vice President in 1989, Proprietary Manager in 1993. In 1999, Deputy Manager of the FX Funds at Nikko City Trust Bank. Founded Ascendant in 2002.
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Large concerns are alleviated by the EU negotiating agreement
To mitigate the economic downturn from the coronavirus shock, the UK cut rates twice in March 2020, reducing the policy rate from 0.75% to 0.10%. In addition, it continued quantitative easing by expanding its asset purchase programme.
In 2020, the pound moved significantly on progress and statements/news related to a trade agreement that would be the effective Brexit settlement. Going forward, with major concerns diminished, the market is likely to focus on real economic indicators that signal a recovery.
