{"id":14901,"date":"2020-02-17T07:37:38","date_gmt":"2020-02-17T06:37:38","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=14901\/"},"modified":"2020-02-17T07:37:38","modified_gmt":"2020-02-17T06:37:38","slug":"why-is-the-pound-growing","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/","title":{"rendered":"Why is the pound growing?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01582,20
\n(-0,10%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,0838
\n( +0,08%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 \u00a029458,50
\n(+0,26%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 52,18
\n(+0,23%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013752,86
\n(+ 0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

The US dollar is steadily strengthening against all currencies and even against the Japanese yen. The latter seems completely irrational against the background of the coronovirus raging in Asia. There is only one world currency that has grown against the US dollar in recent days. It’s the English pound. Naturally, against the EURO, the pound has grown much stronger.<\/p>\n


\nChart of the Day EUR\/GBP
\n<\/strong><\/p>\n

\"eur-gbp\"<\/p>\n

Pound Sterling<\/strong><\/p>\n

Is it really the new leader on the currency market? In fact, the pound rose against the dollar, as often happens, not because of the weakness of the U.S. dollar, but because of the “extreme weakness of the EURO”. The latest data on the European economy led to a large-scale flight of investors from EURO. Large funds try not to keep all the eggs in one basket. They have enough dollars.
\nSo it makes sense to transfer money to another European currency. But in what currency? The Swiss franc? But the franc has a maximum negative swap. Then in fact, in Europe, there is no other applicant with huge liquidity, except for the pound sterling.
\nIn addition, the idea that the island would be much easier to quarantine if the epidemic spreads to Europe begins to unfold. But it’s worth remembering the main thing. If this happens, the pound will still grow against the Euro, but will begin to fall against the American dollar, especially given the negative swap.<\/p>\n

OIL<\/strong><\/p>\n

On Friday, oil grew for 4 consecutive days. The evil market keeps pulling the stops of speculators, who opened large positions with the leverage. This rebound is relatively small compared to a 20% decline since the beginning of this year. Fundamentally, however, nothing is changing. China is introducing more and more restrictive measures in its big cities, further reducing the demand for energy resources.<\/p>\n

What’s waiting for us today?<\/strong><\/p>\n

00.50 Japan GDP data for Q4
\n05.30 Industrial production level in Japan for December
\n12.00 Speech by ECB representative Lane<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01582,20 (-0,10%) EURUSD\u00a0 \u00a01,0838 ( +0,08%) DJIA\u00a0 \u00a029458,50 (+0,26%) OIL.WTI\u00a0 52,18 (+0,23%) DAX\u00a0 \u00a013752,86 (+ 0,01%) The US dollar is steadily strengthening against all currencies and even against the…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-14901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWhy is the pound growing? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is the pound growing? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-17T06:37:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"Why is the pound growing?\",\"datePublished\":\"2020-02-17T06:37:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\"},\"wordCount\":522,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\",\"name\":\"Why is the pound growing? | Bernstein Bank\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"datePublished\":\"2020-02-17T06:37:38+00:00\",\"author\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"description\":\"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.\",\"breadcrumb\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#breadcrumb\"},\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ENH\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage\",\"url\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"contentUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"width\":800,\"height\":455,\"caption\":\"Morning Stock News\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bernstein-bank.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why is the pound growing?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#website\",\"url\":\"https:\/\/bernstein-bank.com\/en\/\",\"name\":\"Bernstein Bank\",\"description\":\"Bernstein Bank GmbH\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bernstein-bank.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ENH\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\",\"name\":\"Wordpress Support\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why is the pound growing? | Bernstein Bank","description":"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/","og_locale":"en_US","og_type":"article","og_title":"Why is the pound growing? | Bernstein Bank","og_description":"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.","og_url":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/","og_site_name":"Bernstein Bank","article_published_time":"2020-02-17T06:37:38+00:00","og_image":[{"width":800,"height":455,"url":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg","type":"image\/jpeg"}],"author":"Wordpress Support","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wordpress Support","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#article","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/"},"author":{"name":"Wordpress Support","@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"headline":"Why is the pound growing?","datePublished":"2020-02-17T06:37:38+00:00","mainEntityOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/"},"wordCount":522,"image":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage"},"thumbnailUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg","articleSection":["News"],"inLanguage":"ENH"},{"@type":"WebPage","@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/","url":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/","name":"Why is the pound growing? | Bernstein Bank","isPartOf":{"@id":"https:\/\/bernstein-bank.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage"},"image":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage"},"thumbnailUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg","datePublished":"2020-02-17T06:37:38+00:00","author":{"@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48"},"description":"The US dollar is steadily strengthening against all currencies and even against the Japanese yen.","breadcrumb":{"@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#breadcrumb"},"inLanguage":"ENH","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/"]}]},{"@type":"ImageObject","inLanguage":"ENH","@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#primaryimage","url":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg","contentUrl":"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg","width":800,"height":455,"caption":"Morning Stock News"},{"@type":"BreadcrumbList","@id":"https:\/\/bernstein-bank.com\/en\/why-is-the-pound-growing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bernstein-bank.com\/en\/"},{"@type":"ListItem","position":2,"name":"Why is the pound growing?"}]},{"@type":"WebSite","@id":"https:\/\/bernstein-bank.com\/en\/#website","url":"https:\/\/bernstein-bank.com\/en\/","name":"Bernstein Bank","description":"Bernstein Bank GmbH","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bernstein-bank.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ENH"},{"@type":"Person","@id":"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48","name":"Wordpress Support"}]}},"_links":{"self":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts\/14901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/comments?post=14901"}],"version-history":[{"count":0,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/posts\/14901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/media\/13158"}],"wp:attachment":[{"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/media?parent=14901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/categories?post=14901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bernstein-bank.com\/en\/wp-json\/wp\/v2\/tags?post=14901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}