empty
10.03.2021 03:59 PM
GBP/USD: Pound sank amid expectations on February consumer price indexes

The U.S. is expected to publish its monthly price index on Wednesday, at 13:30 UTC. Fed Chair Jerome Powell has previously cautiously announced that inflation is expected to rise. And this is indeed an expected event due to the rise in energy prices.

At the same time, the British bond market got a little nervous and rolled out applications for the placement of 10-year Treasury inflation-indexed bonds from investors for £2.832 billion. The application-to-coverage ratio was 3.54, an all-time high since 1998. Let me remind you that this is the penultimate auction this year for the sale of long-term indexed bonds in Britain. While the US is just getting ready to sell its own.

Now the GBP/USD pair is fluctuating in the range of 1.385-1.390, but after the publication of the price index, if the expected indicators are exceeded, the pair should grow well.

This image is no longer relevant

Given the behavior of investors in the bond market, good news on vaccinations from England, and the expected approval of Biden's anti-crisis package, which will pump the US economy with an empty dollar, such a development can be expected. From a strategic point of view, longs are the best option.

Egor Danilov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Apple soars. Stock investors alert to Netflix' report

US stocks are printing modest gains as tariffs on some electronic goods have been delayed. Tech stocks are outperforming European and Asian counterparts, with Apple shares jumping. Goldman Sachs

11:42 2025-04-15 UTC+2

US Market News Digest for April 15

The Trump administration has made concessions: tariffs on electronics have been temporarily lifted, and looser conditions for the auto industry are under consideration. These moves triggered a positive reaction —

Ekaterina Kiseleva 11:29 2025-04-15 UTC+2

Apple surges, market freezes in anticipation of Netflix: what's happening in the US stock market

US stocks show modest gains as tariffs on some electronics are delayed Tech stocks outperform European and Asian ones, Apple shares jump Goldman Sachs rises after results More earnings expected

Thomas Frank 09:50 2025-04-15 UTC+2

US Market News Digest for April 14

The US stock market rallied after President Donald Trump announced the removal of tariffs on computers and smartphones. The decision delivered a particularly strong boost to companies such as Apple

Ekaterina Kiseleva 12:09 2025-04-14 UTC+2

European chipmakers rejoice as US lifts stocks

A rally in tech stocks helped lift European shares on Monday after US President Donald Trump granted exemptions to Chinese tariffs on smartphones and computers, giving markets a break after

Thomas Frank 11:14 2025-04-14 UTC+2

US Market News Digest for April 11

After Wednesday's explosive rally triggered by President Donald Trump's announcement of a 90-day tariff pause, US markets on Thursday decided the party was premature. Major indices tumbled: the Dow dropped

Natalia Andreeva 15:28 2025-04-11 UTC+2

Rollercoaster: S&P 500 down 3%, gold hits all-time highs

US stocks fall after Wednesday's events, S&P 500 down 3% European and Asian stocks close higher after Trump suspends most tariffs Bond market rally stabilizes, gold prices hit all-time highs

Thomas Frank 09:44 2025-04-11 UTC+2

Bitcoin struggles to find support as tariff turmoil roils global markets

The flagship cryptocurrency remains in a fragmented state, unable to establish a firm footing. Bitcoin is experiencing significant volatility and posted losses this week. Nevertheless, experts remain optimistic, anticipating

Larisa Kolesnikova 14:38 2025-04-10 UTC+2

US Market News Digest for April 10

The S&P 500 index notched one of its biggest one-day gains in recent months. The upward move slowed near 5,516, but a break above key resistance at 5,669.50 could open

Irina Maksimova 12:58 2025-04-10 UTC+2

Why are stocks rising as yuan sags and U.S. futures slip?

The financial world breathed a sigh of relief on Thursday as stock markets surged higher and the chaotic bond selloff finally slowed down. The reason was a surprise initiative

Thomas Frank 10:17 2025-04-10 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.