Sterling Is More Sensitive To Economic Progress Than The European Withdrawal Process.

The pound fell against the rising dollar on Wednesday, which was largely unaffected by the unemployment rate in the UK, which fell to the lowest level in 11 years.

According to the latest data, the unemployment rate in the 7-9 months after the referendum in Britain dropped to 4.8% in 11 months, but there are signs that the job market is likely to slow down.

The pressure on the pound is also lower than expected inflation data, which shows that the consumer price index has risen by 0.9% over the same period last year, less than half of the target of the Bank of England ().

Britain's retreat to Europe is still clouded by uncertain clouds. The pound is more sensitive to the European withdrawal process than the economic data.

Over the past eight days, it has risen 3.5%, the largest increase in eight days since May last year.

Earlier, a bet on U.S. President elect Trump's stimulus policy stimulated the US dollar to rise sharply, but analysts warned that the US dollar could easily fall back.

"The market is ahead of schedule.

It seems easy to have a short-term callback. "

Mazen Issa, senior currency strategist at Dow Ming securities.

Analysts said that although traders' expectations of raising interest rates at the Fed policy meeting on December 13-14 were strengthened, the dollar's rise may lead to Fed policy makers reconsidering whether to raise interest rates because the rise in the US dollar will have an impact on US exports.

"Reaching its limits may cause economic growth in the United States.

"

Pimco global economic adviser Joachim Fels said at the global investment outlook summit.

President Yellen will testify in a joint Economic Committee on Thursday that she may be concerned about the rapid rise of the US dollar.

"Any Yellen's speech of fear will not be reckless in the market."

Issa of Dao Ming Securities said.

CME Group's FedWatch shows that the US interest rate futures trend suggests that traders expect the Federal Reserve to raise the federal funds rate target zone to 0.50-0.75% by about 91% next month.

Traders are convinced that the US interest rate hike and worries about European politics have put pressure on the euro, which has pushed the euro to US $1.07 against the dollar to its lowest level in nearly a year.

In late New York, the euro fell 0.4% to $1.0679.

In November 8th, Trump was elected president. It also worried that the election of European countries in the coming year and the victory of populist candidates might cause a series of unstable factors.