مقالات ورؤى

التجار يراقبون مقياسًا خاطئًا: لماذا لا تتحرك أسعار الفائدة وحدها مقابل زوج الجنيه الإسترليني

Updated April 2026. Both the Bank of England and the Federal Reserve have converged to exactly 3.75% — their first rate parity in nearly two decades. Across seven combined BoE and Fed decisions in 2025, GBP/USD still produced no meaningful same-day reaction. The event study, now extended through Q1 2026, confirms the original finding: the edge is not in the announcement, it is in the trajectory of expectations that precedes it.