Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The pound rate has fallen to a 37-year low


September, 16 2022
watermark Economic news

During trading on Friday, the British pound sterling paired with the US dollar fell to its lowest since 1985 amid the continued strengthening of the US currency. The dollar, in turn, is growing on expectations of a Fed rate hike.


The current quote of the GBP/USD pair is 1.1380. The daily low was marked at 1.1351, which was the lowest price value in the last 37 years. 


Additional pressure on the British currency was exerted by statistical data reflecting a 1.6% drop in retail sales in the UK in August on a monthly basis, which was the biggest drop since December 2021. Analysts predicted a decline in sales of only 0.5%.


These data have increased concerns about the future prospects of the British economy. The situation in the country is complicated by the current policy of the new British Prime Minister Liz Truss: last week she announced a restriction on the sharp increase in consumer electricity bills for the next two years, which will mitigate the consequences of the energy crisis. It is noted that the country's budget will suffer significantly.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.