Sterling Plunged From High And Strong Dollar Climbed

On Friday (July 15th), the US dollar rose strongly and is now trading at the 96.50 pass.

In the European market, the US dollar surged to 96.49 a day. Thanks to the beautiful data, it includes US retail, core CPI and industrial output.

Haldane, chief economist of the Bank of England, released loose remarks, and the pound fell sharply from high.

The US retail sales month rate rose 0.6% in June, an increase of 0.1%, an increase of 0.2% in the previous value, an increase of 0.5% in the initial value, and an increase of 0.7% in the US core retail sales month in June.

The US industrial output rate rose to 0.6% in June, with an expected increase of 0.3%. The former value was revised down by 0.3% and the initial value decreased by 0.4%.

In June, the United States increased its annual CPI rate by 1% in the non seasonally adjusted period, rising by 1.1%, and the former value increased by 1%. The US CPI rose 0.2% after the 6 quarter rose, and the expected value rose 0.3%, the former value increased by 0.2%.

June quarter core

The monthly rate rose by 0.2%, and the core CPI rate increased by 2.3% in the same quarter.

On Friday (July 15th), the pound fell against the US dollar from a two week high, optimistic.

The data is boosting the US dollar, and the Bank of England's chief economist said the Bank of England must act in a timely and forcefully manner to stimulate the economy and boost confidence.

Haldane, chief economist of the Bank of England

In the first speech after the referendum, the central bank must timely put forward a set of loose monetary policy measures that can meet two aspects to catch up with the August 4th interest rate conference.

After Haldane's speech, the pound fell and remained the same for the rest of the trading day, as data showed that the US retail sales rose more than expected in June, strengthening the second quarter growth rate of the US economy.

But this week, the pound rose more than 2% against the US dollar, because the Bank of England unexpectedly decided not to cut interest rates and kept interest rates unchanged, and the new British prime minister took office.

"We think the market position is extremely empty and will play a leading role in the next few weeks. Unless there is very very weak data in the next few weeks, there should be room for further consolidation," said Valentin Marinov, G10 foreign exchange research director at Credit Agricole bank.

The data released during the day showed a good overall performance. Although CPI was not as good as expected, the core CPI grew steadily, retail sales were beautiful and industrial output rebounded.

In addition, last week, non-agricultural data showed strong performance, and the financial market gradually stabilized, the Fed's interest rate hike is expected to further improve.

Federal funds rate futures imply that the Federal Reserve's rate of increase in July, September, November and December rose to 6%, 21%, 21% and 41.6% respectively, while the rate of interest reduction was zero.