1. Goldman Sachs believes that when global economic growth rebounds and risk appetite improves, the US dollar will weaken. However, the bank's strategist also pointed out that since the US economy still has certain advantages over other developed economies, it is believed that th

1.Goldman Sachs believes that when global economic growth rebounds and risk appetite improves, the US dollar will weaken. However, the bank's strategist also pointed out that since the US economy still has certain advantages over other developed economies, it is believed that the US dollar will not be sold significantly; on the other hand, Goldman Sachs believes that the pound will rise at the beginning of next year, and the election results will be conducive to the overall situation of Brexit. More funds will continue to flow into the UK in the first quarter of next year.

2. Canadian Imperial Commercial Bank : The US dollar index is expected to gradually lose momentum, with 95.5 in the first quarter of 2020 and 93.4 in the third quarter. After the dollar weakened in the fourth quarter, the U.S. is expected to drive economic recovery early next year as demand for interest, especially demand for housing markets increases. The Fed should make good use of interest rate cut tools to continue to support the US dollar. However, our bank believes that the reduction in global uncertainty next year may overturn some of its plans to rely on the US dollar to obtain safe returns. In addition, the lagging impact of earlier monetary stimulus and the gradual clarity of some trade documents is expected to improve the overseas economic tone by the end of 2020, which may lead to the recovery of the euro and pound, and the favorable current account balance between the euro zone and Japan is also Put pressure on the dollar.

3.Forex analyst James Skinner: There is strong support for the pound against the US dollar at 1.28. If there is a major negative catalyst, it may fall below this position, but it is expected to attract buyers to buy at the bottom.

4. Nordic United Bank believes that compared with the recent tough hawkish attitude of the current central bank governor Carney , the pragmatic measures taken by central bank governor Bailey may soften the Monetary Commission a little. Considering Bailey had served as chairman of the UK Financial Regulatory Commission, his initial choice could be slightly hawkish. But our bank does not think that Bailey will change the dovish tone of the central bank's next meeting. Moreover, the UK's no-deal Brexit agreement has been fully priced, and it is predicted that it will be long against the euro and short against the pound in the first quarter of next year.

5. Financial website Fxstreet: It is predicted that the pound will remain fluctuating against the US dollar in the range of 1.2935-1.2948. Worries about a hard Brexit put downward pressure on the pound, but poor U.S. data performance limits currency pairs to fall.

[GBP 1 exchange rate quote]

1. The latest GBP exchange rate

As of press time, 1 GBP is exchanged for US$1.2985 today, 1 GBP is exchanged for 1.7077 Canadian dollars, 1 GBP is exchanged for 1.1706 euros, 1 GBP is exchanged for 1.2740 Swiss francs, 1 GBP is exchanged for 142.2430 days RMB, 1 pound is low of 1.8745 Australian dollars, 1 pound is converted to 1.9531 New Zealand dollars, and 1 US dollar is converted to 9.0831 RMB.

2. China Bank foreign exchange price

code name cash purchase price cash purchase price cash purchase price cash sale price cash sale price update time
BOCZAR South African rand (ZAR) 49.3145.5349.6553 .522019/12/26 11:10
BOCUSD美元(USD)698.18692.51701.14701.142019/12/26 11:10
BOCTWD新台币(TWD)-22.44-24.312019/12/26 11:10
BOCTHB : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : .0584.1387.3990.312019/12/26 10:49
BOCKRW韩元(KRW)0.59990.57880.60470.62692019/12/26 11:10
BOCJPY日元(JPY)6.36436.16656.41116.4212019/ : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : [GBP Exchange Rate Trend]

GBP/CAD daily chart

GBP/CAD: On the daily chart, on Wednesday (25th), GBP/CAD continued to rebound slightly and close the positive line. Yesterday's intraday high point was 1.7108 and the lowest point was 1.6995. Closed at 1.7050, an increase of 0.08% intraday. Judging from the K-line trend, the pound and Canadian dollar failed to fall below the 1.6973 line of support in the past two trading days and turned to rebound. In the short term, the pound and Canadian dollar are expected to continue to rise to challenge the 1.7136 line of pressure. In the past 9 trading days, market shorts have dominated, and there is still room for a pullback against the Canadian dollar in the short term. In the medium term, market bulls are dominant, and the probability of the market continuing the upward trend is relatively high. In the long run, the pound and Canadian dollar are in a volatile pattern overall, and the market has no clear directional choices. MACD yellow and white lines form dead fork under the 0 axis shrinkage, and the green column shrinks.Overall, the short term pound against the Canadian dollar may continue to rise against the 1.7136 front-line pressure, but there is still room for a pullback in the future. If the pound sterling breaks through the upper pressure against the Canadian dollar, the future market will continue to pay attention to the pressure on the 1.7271 line; if it cannot break through, the short-term market trend is likely to pull back to the 1.6989 line support.

pound against RMB daily chart

pound against RMB: On the daily chart, on Wednesday (25th), pound against RMB sharply plunged against RMB to close a large negative line with a long neck line. Yesterday's intraday high point was 9.2439, the lowest point was 8.8078, closing. 8.8811, a day-to-day decline of 2.16%. Judging from the single K-line pattern, there is currently a lot of pressure above the market, and the short-term market trend may continue to be under pressure and pullback. In the medium term, market bulls are dominant, and there is still room for upward in the future. In the long run, the pound is still in a range-to-range fluctuation pattern, and the market has no clear directional choices. The MACD yellow and white line forms a dead fork below the 0 axis, and the green column expands significantly. Overall, we will pay attention to whether the pound can effectively break through the 8.8085 first-line support against the RMB in the short term, and there is still room for upward in the future. If the pound falls below the support against the RMB, the future market will continue to pay attention to the support of 8.7069; if it cannot break through, the market trend will likely rebound in the short term to challenge the pressure of 8.9655.

Source: Zhongyi Finance Network

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