Sterling Rebounded Against The Dollar, The Market Outlook Is Expected To Continue Strong.

< p > (May 2nd) New York intraday, < a href= "//www.sjfzxm.com/news/index_c.asp" > pound sterling < /a > a href= "//www.sjfzxm.com/news/index_c.asp" > dollar > /a > first suppressed and later Yang, the lowest exchange rate fell to 1.6821 low in the day, but after that, the price of the exchange rose rapidly after the bottom, and finally it fell slightly.

The current market focus has shifted to next Thursday (May 8th) interest rate decision issued by the Bank of England (micro-blog).

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The UK's economic data released during the day of P less than expected, but the pound responded unreasonably.

Data show that the UK construction industry PMI 60.8 in April, expected 62.2.

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< p > the non-agricultural employment figures released by the United States are beautiful.

Data show that the number of non farm workers in the United States increased by 288 thousand in April, far better than the expected increase of 218 thousand people, the largest increase since January 2012.

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< p > meanwhile, the unemployment rate dropped to 6.3% in April, the lowest in September 2008.

Good US data once suppressed the pound down to the low day, but the pound recovered most of the declines after that, showing strong support underneath the pound.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Britain < /a > the economic growth rate is obviously faster than that of other economies in the euro zone. The market has been expecting interest rate hikes in the UK, and the pound has continued to strengthen against the US dollar.

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< p > this week, the data released by the United Kingdom showed a good overall performance. In April, the manufacturing PMI in the UK increased by 57.3, compared with 55.4.

The pound also took the data to a five year high.

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< p > BTM-UFJ strategist Derek Halpenny said, "there is no big change in the US interest rate market. The market does not think the Fed will change the view substantially because of this report."

The analyst also said, "we are still very optimistic about the pound, and the pound will definitely go through 1.70 dollars at a certain stage."

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Technically, the price of the pound against the US dollar in the 4 hour chart continues to oscillate upward trend. P

Technical indicators MACD (12, 26, 9) main lines and signal lines are located above the zero axis, indicating that the price trend is more. The relative strength index RSI (14) is also located above the 50 equilibrium position, indicating that the price dynamics are excessive.

Technically, the pound is still likely to continue strong against the US dollar.

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