{"id":45259,"date":"2026-04-22T15:24:45","date_gmt":"2026-04-22T15:24:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9e%a5%ea%b8%b0%ed%99%94%eb%a1%9c-%ec%98%81\/"},"modified":"2026-04-22T15:24:45","modified_gmt":"2026-04-22T15:24:45","slug":"bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9e%a5%ea%b8%b0%ed%99%94%eb%a1%9c-%ec%98%81","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bbh%ec%9d%98-%ec%97%98%eb%a6%ac%ec%95%84%ec%8a%a4-%ed%95%98%eb%8b%a4%eb%93%9c-%ec%98%81%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9e%a5%ea%b8%b0%ed%99%94%eb%a1%9c-%ec%98%81\/","title":{"rendered":"BBH\uc758 \uc5d8\ub9ac\uc544\uc2a4 \ud558\ub2e4\ub4dc \u201c\uc601\uad6d \uc778\ud50c\ub808\uc774\uc158 \uc7a5\uae30\ud654\ub85c \uc601\ub780\uc740\ud589(BoE) \uc815\ucc45 \uc6b4\uc2e0 \ud3ed \uc81c\ud55c\u2026\uacbd\uae30 \uc720\ud734 \uace0\ub824\ud558\uba74 \uae08\ub9ac \uc778\uc0c1 \uae30\ub300 \uacfc\ub3c4\u201d"},"content":{"rendered":"<p>\uc601\uad6d\uc758 3\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \ubc1c\ud45c \uc774\ud6c4 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc789\uae00\ub79c\ub4dc\uc740\ud589(BOE)\uc758 \ubaa9\ud45c(2%)\ub97c \uc6c3\ub3cc\uba74\uc11c, \ucd5c\uadfc \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1(\uc5d0\ub108\uc9c0 \uac00\uaca9 \uc1fc\ud06c)\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc774 \uc774\uc5b4\uc9c0\uace0 \uc788\ub2e4. \uc804\uccb4 \ubb3c\uac00(\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158)\ub294 2\uc6d4 3.0%\uc5d0\uc11c 3\uc6d4 3.3%(\uc804\ub144 \ub300\ube44)\ub85c \uc0c1\uc2b9\ud588\uc73c\uba70, \uc774\ub294 \uc8fc\ub85c \uc790\ub3d9\ucc28 \uc5f0\ub8cc \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc601\ud5a5\uc73c\ub85c \ud480\uc774\ub41c\ub2e4.<\/p>\n<p>\uc5d0\ub108\uc9c0\u00b7\uc2dd\ub8cc\ud488\u00b7\uc8fc\ub958\u00b7\ub2f4\ubc30\ub97c \uc81c\uc678\ud574 \uae30\uc870\uc801\uc778 \ubb3c\uac00 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uadfc\uc6d0\ubb3c\uac00(Core inflation)\ub294 2\uc6d4 3.2%\uc5d0\uc11c 3\uc6d4 3.1%(\uc804\ub144 \ub300\ube44)\ub85c \ub454\ud654\ud588\ub2e4. \uc2dc\uc7a5 \uc608\uc0c1\uce58(\ucee8\uc13c\uc11c\uc2a4) 3.2%\ub3c4 \ubc11\ub3cc\uc558\ub2e4. \ud55c\ud3b8 \uc11c\ube44\uc2a4 \ubb3c\uac00(\uc784\uae08\u00b7\uc784\ub300\ub8cc \ub4f1 \uad6d\ub0b4 \ube44\uc6a9 \uc555\ub825\uc774 \ubc18\uc601\ub418\uae30 \uc26c\uc6b4 \ud56d\ubaa9)\ub294 2\uc6d4 4.3%\uc5d0\uc11c 3\uc6d4 4.5%(\uc804\ub144 \ub300\ube44)\ub85c \uc62c\ub77c, \uc608\uc0c1\uce58 4.3%\ub97c \uc0c1\ud68c\ud588\ub2e4.<\/p>\n<h3>Market Pricing And Rate Expectations<\/h3>\n<p>CPI \ubc1c\ud45c \uc774\ud6c4 \uc601\uad6d \uae08\ub9ac \uc2a4\uc651(\ubcc0\ub3d9\uae08\ub9ac\uc640 \uace0\uc815\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488\uc73c\ub85c, \uc2dc\uc7a5\uc758 \ud5a5\ud6c4 \uae30\uc900\uae08\ub9ac \uc804\ub9dd\uc774 \ubc18\uc601\ub428) \uace1\uc120\uc774 \uc0c1\uc2b9\ud588\uace0, \ud5a5\ud6c4 12\uac1c\uc6d4 \ub3d9\uc548 \uae30\uc900\uae08\ub9ac\uac00 \uac70\uc758 50bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%\ud3ec\uc778\ud2b8) \uc624\ub97c \uac00\ub2a5\uc131\uc744 \ub354 \ud06c\uac8c \ubc18\uc601\ud588\ub2e4. \ube0c\ub77c\uc6b4\ube0c\ub77c\ub354\uc2a4\ud574\ub9ac\uba3c(BBH)\uc740 \uacbd\uc81c\uc758 \uc720\ud734(\ub0a8\ub294) \uc0dd\uc0b0\ub2a5\ub825(\uc2a4\ud398\uc5b4 \uce90\ud37c\uc2dc\ud2f0)\uc774 \ud06c\ub2e4\ub294 \ucd94\uc815\uce58\ub97c \uace0\ub824\ud558\uba74, BOE \uae08\ub9ac \uc778\uc0c1\uc744 \ubc18\uc601\ud55c \uc2dc\uc7a5 \uac00\uaca9\uc774 \uacfc\ub3c4\ud558\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.<\/p>\n<p>BOE\ub294 2026\ub144\uc5d0 \uc0b0\ucd9c\uac2d(output gap\u00b7\uc2e4\uc81c \uc0dd\uc0b0\uc774 \uc7a0\uc7ac \uc0dd\uc0b0\uc744 \ubc11\ub3c4\ub294 \uc815\ub3c4)\uc744 GDP \ub300\ube44 -1%\ub85c \ucd94\uc815\ud558\uace0 \uc788\ub2e4. BBH\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \ud30c\uc6b4\ub4dc\/\ub2ec\ub7ec(GBP\/USD)\uac00 1.3400~1.3700 \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc77c \uac83\uc73c\ub85c \ubd24\ub2e4.<\/p>\n<p>2025\ub144 \ub2f9\uc2dc \ubd84\uc11d\uc744 \ubcf4\uba74, BOE\uc758 \uae08\ub9ac \uc778\uc0c1\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uae30\ub300\uac00 \uacfc\ub3c4\ud558\ub2e4\ub294 \uacac\ud574\uc600\ub2e4. \ub2f9\uc2dc \uc778\ud50c\ub808\uc774\uc158\uc740 3.3%\ub85c \ub192\uc558\uace0, \uc2a4\uc651 \uc2dc\uc7a5\uc740 \uac70\uc758 50bp \uc778\uc0c1\uc744 \ubc18\uc601\ud588\ub2e4. \uadf8\ub7ec\ub098 \uacbd\uae30 \ub0b4 \uc720\ud734 \uc5ec\ub825\uc774 \ud06c\ub2e4\ub294 \uc810 \ub54c\ubb38\uc5d0 \uc774\ub294 \uc9c0\ub098\uce58\ub2e4\uace0 \ud310\ub2e8\ud588\ub2e4.<\/p>\n<p>2026\ub144 4\uc6d4 \ud604\uc7ac, \uc774 \uad00\uc810\uc740 \ub300\uccb4\ub85c \ud655\uc778\ub410\ub2e4. \ucd5c\uadfc \ubc1c\ud45c \uae30\uc900\uc73c\ub85c \ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158\uc740 2.4%\uae4c\uc9c0 \ub0ae\uc544\uc84c\uc9c0\ub9cc, \uadfc\uc6d0\ubb3c\uac00\ub294 2.9%\ub85c \ub192\uac8c \uc720\uc9c0\ub3fc BOE \ubaa9\ud45c(2%)\ub97c \uc6c3\ub3c8\ub2e4. \uc2dc\uc7a5\uc740 \ub354 \uc774\uc0c1 \uae08\ub9ac \uc778\uc0c1\uc744 \ubc18\uc601\ud558\uc9c0 \uc54a\uc73c\uba70, \ub300\uc2e0 \uc5f0\ub9d0\uae4c\uc9c0 \uc57d 40bp\uc758 \uae08\ub9ac \uc778\ud558\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\uc9c0\ub09c\ud574 \uc9c0\uc801\ud588\ub358 \uacbd\uae30\uc758 \uc720\ud734 \uc5ec\ub825\uc740 \uc774\uc81c \ub370\uc774\ud130\ub85c\ub3c4 \ub4dc\ub7ec\ub09c\ub2e4. 2026\ub144 1\ubd84\uae30 \uc601\uad6d \uacbd\uc81c\uc131\uc7a5\ub960\uc740 0.1%\uc5d0 \uadf8\ucce4\ub2e4. \uc774\ucc98\ub7fc \uc57d\ud55c \uc131\uc7a5\uc138\ub294 BOE\uc758 \ub9c8\uc774\ub108\uc2a4 \uc0b0\ucd9c\uac2d \ucd94\uc815\uacfc \ub9de\ubb3c\ub9ac\uba70, \ub192\uc740 \uae08\ub9ac\ub97c \uc624\ub798 \uc720\uc9c0\ud558\uae30 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4. BOE\ub294 \uc131\uc7a5 \ub454\ud654\uc640 \uc544\uc9c1 \uc644\uc804\ud788 \uc7a1\ud788\uc9c0 \uc54a\uc740 \ubb3c\uac00 \uc0ac\uc774\uc5d0\uc11c \uc120\ud0dd\uc774 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc774\ub2e4.<\/p>\n<h3>Gbp Usd Volatility And Options Strategy<\/h3>\n<p>2025\ub144 \uc804\ub9dd\uc740 BOE\uac00 \uc2dc\uc7a5\uc774 \ubc18\uc601\ud55c \ub9cc\ud07c \uacf5\uaca9\uc801\uc73c\ub85c \uc6c0\uc9c1\uc774\uc9c0 \uc54a\uc744 \uac83\uc774\ub77c\ub294 \uc810\uc740 \ub9de\ucdc4\uc9c0\ub9cc, GBP\/USD \uc608\uc0c1 \ubc94\uc704(1.3400~1.3700)\ub294 \uc720\uc9c0\ub418\uc9c0 \uc54a\uc558\ub2e4. \ud604\uc7ac \ud658\uc728\uc740 \uc57d 1.2550 \uc218\uc900\uc73c\ub85c \ub354 \ub0ae\uc73c\uba70, \uc774\ub294 \ub2ec\ub7ec \uac15\uc138\uc640 \uc601\uad6d \uacbd\uae30 \uc6b0\ub824\uac00 \uc774\uc5b4\uc9c4 \uc601\ud5a5\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4. \ud5a5\ud6c4\uc5d0\ub3c4 \ubc15\uc2a4\uad8c(\uc77c\uc815 \ubc94\uc704 \ub0b4 \ub4f1\ub77d)\uc774 \uc608\uc0c1\ub418\uc9c0\ub9cc, \ubc94\uc704\ub294 \ub354 \ub0ae\uc740 \uc218\uc900\uc5d0\uc11c \ud615\uc131\ub420 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n<p>\ud30c\uc0dd\uc0c1\ud488 \ud2b8\ub808\uc774\ub354 \uad00\uc810\uc5d0\uc11c\ub294 \uc55e\uc73c\ub85c \uba87 \uc8fc\uac04 GBP\/USD \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4)\uc774 \ub0ae\uac8c \uc720\uc9c0\ub420 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub85c \ubcfc \uc218 \uc788\ub2e4. BOE\uac00 \uc5ec\ub984 \ud68c\uc758\ub97c \uc55e\ub450\uace0 \uad00\ub9dd(\uc0c1\ud669\uc744 \uc9c0\ucf1c\ubcf4\ub294 \uc804\ub7b5)\ud560 \uac00\ub2a5\uc131\uc774 \ucee4, \ud070 \uac00\uaca9 \ubcc0\ub3d9\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4. \ub2e8\uae30 \uc635\uc158(\uc815\ud574\uc9c4 \ub0a0\uc9dc\uae4c\uc9c0 \uc0b4 \uad8c\ub9ac\u00b7\ud314 \uad8c\ub9ac\ub97c \uc0ac\uace0\ud30c\ub294 \uc0c1\ud488)\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \ubc1b\ub294 \uc804\ub7b5\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uad6c\uccb4\uc801\uc73c\ub85c\ub294 \ud589\uc0ac\uac00(\uc635\uc158\uc744 \ud589\uc0ac\ud560 \ud658\uc728) 1.2400\uacfc 1.2700 \ubd80\uadfc\uc5d0\uc11c GBP\/USD \uc2a4\ud2b8\ub7ad\uae00(strangle\u00b7\ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \uc11c\ub85c \ub2e4\ub978 \ud589\uc0ac\uac00\ub85c \ud568\uaed8 \ub9e4\ub3c4\/\ub9e4\uc218\ud558\ub294 \uad6c\uc870) \ub9e4\ub3c4\ub97c \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \ud658\uc728\uc774 \uc774 \ubc94\uc704 \uc548\uc5d0 \uba38\ubb3c\uba74 \uc2dc\uac04\uac00\uce58 \uac10\uc18c(\uc2dc\uac04\uc774 \uc9c0\ub0a0\uc218\ub85d \uc635\uc158 \uac00\uce58\uac00 \uc904\uc5b4\ub4dc\ub294 \ud604\uc0c1)\ub85c \uc218\uc775\uc744 \uae30\ub300\ud560 \uc218 \uc788\ub2e4. BOE\uac00 \uc2e0\uc911\ud55c \uae30\uc870\ub97c \uc720\uc9c0\ud560 \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5 \uc778\uc2dd\uc774 \uc774 \uc804\ub7b5\uc758 \uae30\ubc18\uc774 \ub41c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc601\uad6d 3\uc6d4 CPI 3.3%\ub85c \uc5d0\ub108\uc9c0 \uc1fc\ud06c \uc7ac\ubd80\uc0c1. \uc11c\ube44\uc2a4\ubb3c\uac00 4.5%\ub85c \ub048\uc801, \uadfc\uc6d0\uc740 \ub454\ud654. \ud55c\ub54c 50bp \uc778\uc0c1 \ubca0\ud305\uc740 \uacfc\ub3c4 \ud310\uc815, \uc9c0\uae08\uc740 \uc778\ud558 \ubc18\uc601. \ud30c\uc6b4\ub4dc \uc57d\uc138 \uc18d \ubcc0\ub3d9\uc131 \ub0ae\uc544 \uc2a4\ud2b8\ub7ad\uae00 \ub9e4\ub3c4 \uc8fc\ubaa9.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45259","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45259"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}