英镑:收益率和政治重新定价带来的表现优于预期 – 三菱日联金融集团
MUFG 的 Lee Hardman 指出,英镑是近期表现最好的主要货币,受到英国实际收益率上升和有利的套息条件支撑。

三菱日联金融集团(MUFG)的 Lee Hardman 指出,英镑是近期表现最佳的主要货币,受到英国实际收益率走高和有利的套息交易条件支撑。随着 Andy Burnham 成为首相,市场正在重新评估英国财政和政治风险,预期其将采取亲商且财政负责的立场。MUFG 认为,英镑目前已计入了大量利好消息,进一步上涨空间有限。

英国实际收益率和政治推动英镑走强

"英镑在过去几周一直是表现最佳的主要货币,这凸显出它对负面的能源价格冲击仍具有韧性。"

"我们发现,英镑受到英国实际收益率跃升的支撑,这使其相对更具吸引力,并为英国政治风险上升提供了足够补偿。"

"英国提供的更高收益率出现在这样一个时点:由于外汇波动率接近年内低点,金融市场环境对套息交易具有支撑作用。"

"与此同时,市场参与者已逐步淡化最初对 Andy Burnham 出任首相所带来的英国财政和政治风险的担忧。"

"在近期强劲上涨之后,我们认为英镑目前已计入了大量利好消息,这应会限制其进一步上行。"

(本文由人工智能工具协助创建,并由编辑审校。了解更多。

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