您现在的位置是:Fxscam News > Platform Inquiries
Before the ECB decision, the euro faces pressure, while the pound focuses on GDP data.
Fxscam News2025-07-20 21:46:48【Platform Inquiries】9人已围观
简介Foreign Exchange Foreign Exchange Trading Platform,Regular mt4 software download,French Political Crisis Drags Down the EuroLast week, political upheaval in France spurred a sell-of
French Political Crisis Drags Down the Euro
Last week,Foreign Exchange Foreign Exchange Trading Platform political upheaval in France spurred a sell-off of the euro in the markets. French Prime Minister Michel Barnier's failure in the no-confidence vote led to the collapse of the government, plunging the eurozone's second-largest economy into uncertainty. This situation intensified negative sentiment towards the euro in the market.
Meanwhile, a series of dovish remarks by European Central Bank officials further pressured the euro's performance. Market expectations broadly suggest that the ECB will cut interest rates by 25 basis points at this week's policy meeting and may maintain a cautious monetary policy in the coming months. Investors will closely watch the ECB's forward guidance; if it indicates a continued easing policy, the euro may face greater downward pressure.
Pound Supported by Data and Policy
The pound exhibited significant volatility last week. Despite dragging effects from weak UK manufacturing PMI data and a slowdown in consumer activity, an upward revision of the UK services PMI helped the pound rebound midweek. UK Prime Minister Keir Starmer outlined a series of infrastructure development plans, instilling confidence in the market and further supporting pound sentiment.
This week, the latest UK GDP data is the market's key focus. If the data indicates economic contraction, the pound may face greater downward pressure in later trading sessions.
Market Outlook
Going into this week, with the ECB's latest interest rate decision looming, the euro-pound exchange rate may continue its downward trend. Especially if the ECB hints at further easing ahead, the euro might endure more selling pressure.
Meanwhile, pound investors need to be cautious of risks posed by GDP data. If the data shows a slowdown in UK economic growth, the pound's current advantage may be reversed, and exchange rate movements could face greater uncertainty.
The focus of this week's forex market is on the ECB's policy direction and UK economic data performance. The competition between the euro and the pound will continue to be driven by both policy and data, potentially increasing market volatility further.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
很赞哦!(616)
相关文章
- Japan's economic slowdown intensifies capital outflow, keeping yen under pressure.
- 2025 Outlook: Renminbi Resilience Amid a More Rational Forex Market
- The U.S. dollar index hit a two
- The Fed's asymmetric rate cuts and a strong dollar may spark global economic shocks.
- Surveys reveal that OPEC+'s daily crude oil production increased by 120,000 barrels in August.
- NY Forex: Dollar pares losses, yen sees year's biggest gain on BOJ policy hopes.
- Japan's Q3 growth revised up to 1.2%, fueling focus on central bank rate hike timing.
- Trump's testimony causes fluctuations in inflation expectations.
- UK Chancellor calls for closer EU ties, Eurozone confidence drops, dollar rises.
- Powell's speech limits gold's rebound, while weak ADP data causes price fluctuations.
热门文章
站长推荐
The U.S. dollar hits a 13
After a 1% drop, the dollar rebounded as Trump denied "tariff reduction" reports.
The yen rose to a yearly high on growing rate hike expectations for the Bank of Japan.
The US imposes a 25% tariff on Canada and Mexico, which may affect commodities such as oil.
The European Central Bank is concerned about the instability in the inflation outlook.
Goldman Sachs CEO: Limited Room for Fed Rate Hikes in 2025
The dollar hits a 2022 high, yen leads G
The US Dollar Index falls as foreign exchange market volatility intensifies.