DETROIT (Reuters) – Společnost General Motors v úterý oznámila, že přesune výrobu modelu Cadillac Escalade do montážního závodu v Michiganu a zároveň v tomtéž závodě navýší kapacitu pro výrobu lehkých nákladních vozů Chevrolet Silverado a GMC Sierra s pohonem na plyn.
Změny ve výrobě jsou součástí investičního plánu GM v hodnotě 4 miliardy dolarů, který byl oznámen v červnu a týká se tří závodů v Michiganu, Kansasu a Tennessee. Tento krok znamená rozšíření výroby nákladních vozů a SUV s benzínovým pohonem.
Detroitský gigant a mnoho jeho amerických konkurentů ustoupilo od některých cílů v oblasti výroby elektromobilů, protože poptávka byla slabší, než se očekávalo. Pokračující investice GM do vozidel jako Sierra a Escalade zpochybňují plán společnosti ukončit do roku 2035 výrobu automobilů a nákladních vozidel s benzínovým pohonem.
Escalade se v současné době vyrábí v Arlingtonu v Texasu spolu s dalšími velkými SUV, jako jsou GMC Yukon, Chevrolet Suburban a Chevy Tahoe. Výroba v Arlingtonu by měla zůstat na stejné úrovni i po přesunu modelu Escalade do Michiganu, uvedl mluvčí GM.
The GBP/USD currency pair traded quite calmly on Wednesday until the evening when the results of the Federal Reserve meeting were announced. As we will analyze today, the Bank of England's meeting will also take place today. It is worth reminding traders that they barely noticed the outcomes of the previous meeting. Formally, the results appeared slightly more hawkish due to a larger-than-expected number of votes "for" a rate hike. Nevertheless, the pound did not show any growth a month and a half ago. The last two European Central Bank meetings were also ignored by traders. It's not hard to assume that what matters to traders now is primarily the Fed's monetary policy and, to some extent, geopolitics.
Geopolitics has not changed over time, while the market is literally demanding tightening from the Fed. Moreover, the tightening process began a month and a half ago. Since then, the British pound has shown decent growth but is now falling again. The current movements in the GBP/USD pair can best be seen on the daily timeframe. Essentially, it's a "swing". The price has been in a limited range for a year and has frequently changed direction. The weekly timeframe clearly shows a flat. Such "swings" should not surprise anyone. We still believe that after testing the lower boundary of the channel at 1.3150-1.3780, an upward movement has begun. The recent decline in quotes over the past two weeks is just a typical correction. Yes, corrections also occur within a flat. In fact, this happens all the time.
Returning to the BoE, there is a 100% probability that the British central bank will leave the key rate unchanged, as there are currently no reasons to raise it. In the US, inflation is at 3.5%, and the Fed is contemplating tightening. In the UK, inflation has dropped to 2.6%, leading the BoE to consider resuming monetary policy easing. Thus, the intrigue of today's meeting will be whether the BoE signals its willingness to resume rate cuts in 2026.
Of course, geopolitical uncertainty also concerns the BoE. However, the UK has navigated the energy crisis relatively easily, so a new rise in energy prices is unlikely to provoke a significant acceleration in inflation. Easing from the BoE clearly does not align well with a potential Fed tightening. Judging solely by this factor, the dollar is in a much better position than the pound. However, there is one "but." The Fed has yet to begin tightening policy, and the market has been pricing in this scenario for a month and a half. The flat on the weekly timeframe remains regardless. Therefore, we do not believe that the British pound will start or has already started a new global downward trend. However, in the medium term, it may come under pressure due to complex geopolitical factors and a more hawkish stance by the Fed than by the BoE.
The average volatility of the GBP/USD pair over the last 5 trading days is 58 pips, which is characterized as "medium-low." On Thursday, July 30, we expect movement within a range bounded by 1.3229 and 1.3345. The upper channel of the linear regression is directed downward, indicating a bearish trend. The CCI indicator has formed a bearish divergence and has entered the overbought area, signaling the onset of a downward correction.
S1 – 1.3245
S2 – 1.3184
S3 – 1.3123
R1 – 1.3306
R2 – 1.3367
R3 – 1.3428
The GBP/USD currency pair maintains an upward trend. Donald Trump's policies will continue to exert pressure on the US economy, so we do not expect the US currency to appreciate in the long term. The year 2026 is currently looking very positive for the dollar due to geopolitics, but every fairy tale has its end. However, on the weekly timeframe, a flat persists between 1.3150 and 1.3780 within a four-year upward trend, supporting expectations of continued growth for the British currency in the medium term.
Long positions with targets at 1.3428 and 1.3489 can be considered when the price is above the moving average. If the price is below the moving average line, trading for a decline can be considered with targets at 1.3245 and 1.3229.
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