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The impact of the GBP index on the exchange rate of the RMB

The GBP 100%cashbackforex chart reflects the daily changes in the GBP index so that these daily data can be c forexcashbackeasynected to underst forex cashback easy the entire trend of the GBP index, but to rely on technical aspects of the ex cashback forexting trend alone to determine the future movement of the GBP index is not feasible To truly understand the GBP index chart, you must pay attention to the following elements in real time: the Bank of England, monetary policy, interest rates, gilts, the Treasury, economic data and the Financial Times 100 index. Committee, interest rates, gilts, Treasury, economic data and the Financial Times 100 Index The Pound Sterling Index measures the strength of the cashbackforex by calculating the combined rate of change of the pound and against a selected basket of currencies, thus indirectly reflecting the UKs export competitiveness and changes in the cost of imports If the Pound Sterling Index falls, it means that the pound depreciates against other major currencies The Pound Sterling Index futures are calculated on the principle of The overall strength of the cashbackforexpip pound is calculated in a weighted manner based on the trade settlement volume between major countries around the world and the United Kingdom, with 100 as the dividing line between strength and weakness A rise in the pound index means that the ratio of the pound to other currencies has risen, which means that the pound has appreciated, and then the prices of commodities denominated in pounds should fall The appreciation of the pound is good for the British economy as a whole, raising the value of the British currency and increasing its purchasing power. But there are also impacts on some industries, for example, the export industry, the appreciation of the pound will increase the price of export goods, so the impact on some companies exports if the pound index falls, the opposite First of all, after the British referendum on Brexit, the British real economy has not changed much, but the market generally expected that the British exit from the EU will be quite unfavorable to the British economy, therefore, two weeks after the British referendum on Brexit Therefore, two weeks after the Brexit referendum, the British pound fell 13% to the U.S. dollar, and this expectation of the pounds decline has been diffused in the market That is to say, after the Brexit referendum, the pounds devaluation is expected to be the most important reason for the continued downward movement of the pound The RMB has no basis for sustained devaluation, and the RMB can remain stable, depending on where the market expects the RMB exchange rate to be If the market expects the RMB to devalue, and is still continuing, the The governments short-term control is ostensibly able to control the stability of the RMB exchange rate, but in reality, any trigger event may trigger another devaluation of the RMB and the markets expectation of RMB devaluation does not change, even if the government wants to control in a way to stabilize the RMB exchange rate, this control is only superficial and more funds will still flee the Chinese market through different ways