{"id":7629,"date":"2025-11-27T15:20:09","date_gmt":"2025-11-27T07:20:09","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7629"},"modified":"2025-11-27T15:23:29","modified_gmt":"2025-11-27T07:23:29","slug":"%e9%a2%84%e7%ae%97%e6%a1%88%e5%b9%b3%e8%a1%a1%e6%9c%af%e8%83%8c%e5%90%8e%e7%9a%84%e5%b8%82%e5%9c%ba%e4%bf%a1%e5%8f%b7-wmax-%e8%a7%a3%e8%af%bb%e8%8b%b1%e5%9b%bd%e6%a0%b8%e5%bf%83","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/7629","title":{"rendered":"C\u00e1c t\u00edn hi\u1ec7u th\u1ecb tr\u01b0\u1eddng \u0111\u1eb1ng sau h\u00e0nh \u0111\u1ed9ng c\u00e2n b\u1eb1ng ng\u00e2n s\u00e1ch - Wmax di\u1ec5n gi\u1ea3i c\u00e1c c\u01a1 h\u1ed9i trong t\u00e0i s\u1ea3n c\u1ed1t l\u00f5i \u1edf V\u01b0\u01a1ng qu\u1ed1c Anh"},"content":{"rendered":"<p>Wmax d\u1ef1a v\u00e0o theo d\u00f5i d\u00e0i h\u1ea1n v\u00e0 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u, ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh c\u1ee7a Anh v\u00e0 logic truy\u1ec1n t\u1ea3i kinh t\u1ebf v\u0129 m\u00f4, \u0111\u1ed3ng th\u1eddi tin r\u1eb1ng ng\u00e2n s\u00e1ch m\u00f9a xu\u00e2n m\u1edbi nh\u1ea5t do B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Anh Reeves c\u00f4ng b\u1ed1 \u0111\u00e3 tr\u1edf th\u00e0nh bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i chi ph\u1ed1i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecbnh k\u1ef3 c\u1ee7a t\u00e0i s\u1ea3n c\u1ed1t l\u00f5i c\u1ee7a Anh. \u0110\u00e1nh gi\u00e1 t\u1eeb ph\u1ea3n h\u1ed3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng sau khi ng\u00e2n s\u00e1ch \u0111\u01b0\u1ee3c th\u1ef1c thi, s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a \u0111\u1ed3ng b\u1ea3ng Anh so v\u1edbi c\u00e1c ti\u1ec1n t\u1ec7 ch\u00ednh cho th\u1ea5y \u0111\u1eb7c \u0111i\u1ec3m \u0111i\u1ec3n h\u00ecnh l\u00e0 \u201ct\u0103ng v\u1ecdt trong th\u1eddi gian l\u00ean men d\u1ef1 ki\u1ebfn \u200b\u200bv\u00e0 h\u1ed9i t\u1ee5 sau khi th\u1ef1c hi\u1ec7n ch\u00ednh s\u00e1ch\u201d. Ch\u1ec9 s\u1ed1 FTSE 100 duy tr\u00ec m\u1ed9t ph\u1ea1m vi bi\u1ebfn \u0111\u1ed9ng h\u1eb9p trong khi nh\u1eefng k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn v\u00e0 nh\u1eefng t\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1edd \u0111\u1ee3i v\u00e0 nh\u00ecn th\u1ea5y. Khung c\u00e2n b\u1eb1ng theo \u0111\u1ecbnh h\u01b0\u1edbng k\u00e9p \"s\u1eeda ch\u1eefa k\u1ef7 lu\u1eadt t\u00e0i ch\u00ednh + khuy\u1ebfn kh\u00edch t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf\" do Reeves x\u00e2y d\u1ef1ng \u0111ang d\u1ea7n tr\u1edf th\u00e0nh m\u1ed9t ch\u1ee7 \u0111\u1ec1 logic quan tr\u1ecdng \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn xu h\u01b0\u1edbng \u0111\u1ecbnh gi\u00e1 trung h\u1ea1n c\u1ee7a t\u00e0i s\u1ea3n Anh.<\/p>\n<p>T\u1eeb g\u00f3c \u0111\u1ed9 t\u00edn hi\u1ec7u th\u1ecb tr\u01b0\u1eddng c\u1ed1t l\u00f5i, Wmax \u0111\u00e3 n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c b\u1ed1i c\u1ea3nh r\u00f5 r\u00e0ng th\u00f4ng qua gi\u00e1m s\u00e1t d\u1eef li\u1ec7u th\u1eddi gian th\u1ef1c: T\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 hi\u1ec7n t\u1ea1i, \u0111\u1ed3ng b\u1ea3ng Anh so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 1,3501, cao h\u01a1n so v\u1edbi tr\u01b0\u1edbc khi ng\u00e2n s\u00e1ch \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 (ng\u1ee5 \u00fd giai \u0111o\u1ea1n \u0111\u1ec9nh \u0111i\u1ec3m bi\u1ebfn \u0111\u1ed9ng) N\u00f3 gi\u1ea3m 0,3 \u0111i\u1ec3m ph\u1ea7n tr\u0103m v\u00e0 ph\u1ea1m vi bi\u1ebfn \u0111\u1ed9ng trong ng\u00e0y \u1ed5n \u0111\u1ecbnh \u1edf m\u1ee9c 1,3460-1,3540. Hi\u1ec7u su\u1ea5t n\u00e0y r\u1ea5t ph\u00f9 h\u1ee3p v\u1edbi d\u1ef1 \u0111o\u00e1n tr\u01b0\u1edbc \u0111\u00f3 c\u1ee7a Wmax r\u1eb1ng \"s\u1ef1 bi\u1ebfn \u0111\u1ed9ng s\u1ebd tr\u1edf l\u1ea1i ph\u1ea1m vi h\u1ee3p l\u00fd sau khi s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 ch\u00ednh s\u00e1ch gi\u1ea3m b\u1edbt\".<\/p>\n<p>Ch\u1ec9 s\u1ed1 FTSE 100 hi\u1ec7n \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 8731,24 \u0111i\u1ec3m, t\u0103ng nh\u1eb9 0,37% so v\u1edbi ng\u00e0y c\u00f4ng b\u1ed1 ng\u00e2n s\u00e1ch (8699,31 \u0111i\u1ec3m). Trong kho\u1ea3ng th\u1eddi gian n\u00e0y, n\u00f3 \u0111\u1ea1t m\u1ee9c t\u1ed1i \u0111a l\u00e0 8748,50 \u0111i\u1ec3m v\u00e0 t\u1ed1i thi\u1ec3u l\u00e0 8682,10 \u0111i\u1ec3m, cho th\u1ea5y nh\u1eefng bi\u1ebfn \u0111\u1ed9ng trong ph\u1ea1m vi \u0111\u00e1ng k\u1ec3. \u0110i\u1ec1u \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh trong d\u1eef li\u1ec7u l\u00e0 s\u1ef1 c\u00f4ng nh\u1eadn d\u1ea7n d\u1ea7n c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 \"\u0111\u1ed9 tin c\u1eady c\u00e2n b\u1eb1ng\" c\u1ee7a ng\u00e2n s\u00e1ch - Reeves \u0111\u00e3 l\u1ea5p \u0111\u1ea7y kho\u1ea3ng tr\u1ed1ng t\u00e0i ch\u00ednh 20 t\u1ef7 b\u1ea3ng Anh th\u00f4ng qua s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u00e1c bi\u1ec7n ph\u00e1p nh\u01b0 k\u00e9o d\u00e0i th\u1eddi gian \u0111\u00f3ng b\u0103ng ng\u01b0\u1ee1ng thu\u1ebf thu nh\u1eadp v\u00e0 t\u1ed1i \u01b0u h\u00f3a k\u1ebf ho\u1ea1ch hy sinh ti\u1ec1n l\u01b0\u01a1ng. \u0110i\u1ec1u n\u00e0y kh\u00f4ng ch\u1ec9 tr\u00e1nh \u0111\u01b0\u1ee3c r\u1ee7i ro c\u0103n b\u1ea3n c\u1ee7a \u201cng\u00e2n s\u00e1ch nh\u1ecf\u201d n\u0103m 2022 m\u00e0 c\u00f2n x\u00e2y d\u1ef1ng l\u1ea1i ni\u1ec1m tin c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o k\u1ef7 lu\u1eadt t\u00e0i ch\u00ednh v\u1edbi m\u1ee5c ti\u00eau \u0111\u1ec7m t\u00e0i ch\u00ednh l\u00e0 15-20 t\u1ef7 b\u1ea3ng Anh, gi\u1ea3i ph\u00f3ng d\u1ea7n ph\u00ed b\u1ea3o hi\u1ec3m t\u00f9y ch\u1ecdn ph\u00f2ng th\u1ee7 t\u00edch l\u0169y trong giai \u0111o\u1ea1n \u0111\u1ea7u.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"973\" height=\"664\" class=\"wp-image-7635\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9.png 973w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9-300x205.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9-768x524.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9-900x614.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-9-600x409.png 600w\" sizes=\"(max-width: 973px) 100vw, 973px\" \/><\/p>\n<p>Theo d\u1eef li\u1ec7u d\u1ef1 b\u00e1o m\u1edbi nh\u1ea5t do V\u0103n ph\u00f2ng Tr\u00e1ch nhi\u1ec7m Ng\u00e2n s\u00e1ch (OBR) c\u00f4ng b\u1ed1, m\u1eb7c d\u00f9 d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a Anh n\u0103m 2025 \u0111\u00e3 gi\u1ea3m t\u1eeb 2% xu\u1ed1ng 1%, nh\u01b0ng d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng cho n\u0103m 2026-2029 \u0111\u00e3 \u0111\u01b0\u1ee3c n\u00e2ng l\u00ean l\u1ea7n l\u01b0\u1ee3t l\u00e0 1,9%, 1,8%, 1,7% v\u00e0 1,8%. \u0110\u1ed3ng th\u1eddi, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp kh\u1ea3 d\u1ee5ng th\u1ef1c t\u1ebf h\u00e0ng n\u0103m c\u1ee7a h\u1ed9 gia \u0111\u00ecnh \u0111\u00e3 \u0111\u1ea1t g\u1ea5p \u0111\u00f4i so v\u1edbi d\u1ef1 b\u00e1o m\u00f9a thu, \u0111i\u1ec1u n\u00e0y h\u1ed7 tr\u1ee3 c\u01a1 b\u1ea3n cho s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a ph\u00eda ng\u01b0\u1eddi ti\u00eau d\u00f9ng. \u0110\u00e1nh gi\u00e1 t\u00ednh logic c\u1ee7a vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch, chi\u1ebfn l\u01b0\u1ee3c \"t\u0103ng thu\u1ebf v\u00e0 \u0111\u1ea3m b\u1ea3o sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n song song\" c\u1ee7a Reeves l\u00e0 r\u1ea5t c\u00f3 m\u1ee5c ti\u00eau: k\u00e9o d\u00e0i th\u1eddi gian \u0111\u00f3ng b\u0103ng ng\u01b0\u1ee1ng thu\u1ebf thu nh\u1eadp c\u00f3 th\u1ec3 t\u0103ng \u0111\u1ec1u \u0111\u1eb7n doanh thu t\u00e0i ch\u00ednh, \u0111\u1ed3ng th\u1eddi t\u0103ng m\u1ee9c l\u01b0\u01a1ng t\u1ed1i thi\u1ec3u, gi\u1eef nguy\u00ean gi\u00e1 v\u00e9 t\u00e0u, gi\u1ea3m h\u00f3a \u0111\u01a1n n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u00e1c bi\u1ec7n ph\u00e1p kh\u00e1c tr\u1ef1c ti\u1ebfp gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u00ean sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n, kh\u00f4ng ch\u1ec9 \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu v\u1ec1 s\u1ef1 b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh m\u00e0 c\u00f2n c\u00e2n b\u1eb1ng c\u00e1c \u0111\u1ec1 xu\u1ea5t ch\u00ednh s\u00e1ch c\u1ee7a nh\u1eefng ng\u01b0\u1eddi \u1ee7ng h\u1ed9 \u0110\u1ea3ng Lao \u0111\u1ed9ng.<\/p>\n<p>Wmax c\u0169ng n\u1eafm b\u1eaft s\u00e2u s\u1eafc c\u00e1c \u0111i\u1ec3m r\u1ee7i ro ch\u00ednh: t\u0103ng thu\u1ebf \u0111\u1ed1i v\u1edbi l\u00e3i v\u1ed1n v\u00e0 \u0111\u1ea7u t\u01b0 doanh nghi\u1ec7p c\u00f3 th\u1ec3 h\u1ea1n ch\u1ebf s\u1ef1 s\u1eb5n s\u00e0ng m\u1edf r\u1ed9ng l\u00e2u d\u00e0i c\u1ee7a c\u00e1c doanh nghi\u1ec7p v\u00e0 c\u00e1c m\u1ee5c ti\u00eau th\u1eb7ng d\u01b0 t\u00e0i ch\u00ednh l\u00e0 6 t\u1ef7 b\u1ea3ng Anh trong n\u0103m 2027-28 v\u00e0 9,9 t\u1ef7 b\u1ea3ng Anh trong n\u0103m 2029-30 ph\u1ee5 thu\u1ed9c r\u1ea5t nhi\u1ec1u v\u00e0o vi\u1ec7c ho\u00e0n th\u00e0nh c\u00e1c m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ti\u1ebfp theo v\u00e0 c\u00e1c v\u1ea5n \u0111\u1ec1 v\u1ec1 n\u0103ng su\u1ea5t t\u1ed3n t\u1ea1i l\u00e2u d\u00e0i \u1edf V\u01b0\u01a1ng qu\u1ed1c Anh v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft c\u0103n b\u1ea3n, \u0111i\u1ec1u n\u00e0y s\u1ebd tr\u1ef1c ti\u1ebfp h\u1ea1n ch\u1ebf hi\u1ec7u qu\u1ea3 truy\u1ec1n t\u1ea3i ch\u00ednh s\u00e1ch.<\/p>\n<p>V\u1ec1 xu h\u01b0\u1edbng c\u1ee7a \u0111\u1ed3ng b\u1ea3ng Anh, Wmax \u0111\u00e3 k\u1ebft h\u1ee3p quan \u0111i\u1ec3m hi\u1ec7n t\u1ea1i v\u00e0 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u1ec3 t\u1ea1o th\u00e0nh m\u1ed9t ph\u00e2n t\u00edch v\u00e0 nh\u1eadn \u0111\u1ecbnh to\u00e0n di\u1ec7n: m\u1ee9c hi\u1ec7n t\u1ea1i l\u00e0 1,3501 cho \u0111\u1ed3ng b\u1ea3ng Anh so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 \u0111\u00e3 \u0111\u1ee9ng v\u1eefng \u1edf m\u1ed1c t\u00e2m l\u00fd quan tr\u1ecdng l\u00e0 1,30 \u0111\u00f4 la M\u1ef9, v\u1edbi m\u1ee9c t\u0103ng t\u00edch l\u0169y kho\u1ea3ng 3,4% so v\u1edbi \u0111\u1ea7u n\u0103m. \u0110i\u1ec1u n\u00e0y t\u1ea1o n\u00ean s\u1ef1 c\u1ed9ng h\u01b0\u1edfng t\u00edch c\u1ef1c v\u1edbi vi\u1ec7c OBR \u0111i\u1ec1u ch\u1ec9nh t\u0103ng k\u1ef3 v\u1ecdng v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ti\u1ebfp theo. T\u1eeb g\u00f3c \u0111\u1ed9 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ch\u00e9o, \u0111\u1ed3ng b\u1ea3ng Anh so v\u1edbi \u0111\u1ed3ng euro hi\u1ec7n \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 1,1942, duy tr\u00ec ph\u1ea1m vi h\u1eb9p 1,1860-1,1970, ph\u1ea3n \u00e1nh c\u00e1c nguy\u00ean t\u1eafc kinh t\u1ebf c\u01a1 b\u1ea3n t\u01b0\u01a1ng \u0111\u1ed1i c\u00e2n b\u1eb1ng c\u1ee7a Ch\u00e2u \u00c2u v\u00e0 V\u01b0\u01a1ng qu\u1ed1c Anh. Wmax tin r\u1eb1ng logic th\u00fac \u0111\u1ea9y c\u1ed1t l\u00f5i c\u1ee7a xu h\u01b0\u1edbng ng\u1eafn h\u1ea1n c\u1ee7a \u0111\u1ed3ng b\u1ea3ng Anh \u0111\u00e3 chuy\u1ec3n t\u1eeb \"s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 ng\u00e2n s\u00e1ch\" sang \"d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t v\u00e0 xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Anh\" - OBR d\u1ef1 \u0111o\u00e1n r\u1eb1ng l\u1ea1m ph\u00e1t trung b\u00ecnh cho n\u0103m 2025 s\u1ebd l\u00e0 3,2% v\u00e0 s\u1ebd quay tr\u1edf l\u1ea1i m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch 2% v\u00e0o n\u0103m 2027. \u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 chu k\u1ef3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Anh c\u00f3 th\u1ec3 s\u1ebd mu\u1ed9n h\u01a1n so v\u1edbi khu v\u1ef1c \u0111\u1ed3ng euro v\u00e0 L\u1ee3i th\u1ebf ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t s\u1ebd cung c\u1ea5p h\u1ed7 tr\u1ee3 \u0111\u1ecbnh k\u1ef3 cho \u0111\u1ed3ng b\u1ea3ng Anh.<\/p>\n<p><img decoding=\"async\" width=\"1011\" height=\"966\" class=\"wp-image-7636\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10.png 1011w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10-300x287.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10-768x734.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10-13x12.png 13w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10-900x860.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-10-600x573.png 600w\" sizes=\"(max-width: 1011px) 100vw, 1011px\" \/><\/p>\n<p>V\u1ec1 vi\u1ec7c c\u1ea3i thi\u1ec7n sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n v\u00e0 truy\u1ec1n t\u1ea3i ni\u1ec1m tin c\u1ee7a th\u1ecb tr\u01b0\u1eddng, Wmax \u0111\u00e3 ph\u00e1t hi\u1ec7n nh\u1eefng t\u00edn hi\u1ec7u t\u00edch c\u1ef1c: c\u00e1c bi\u1ec7n ph\u00e1p \u0111\u1ecbnh h\u01b0\u1edbng sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n trong ng\u00e2n s\u00e1ch b\u01b0\u1edbc \u0111\u1ea7u \u0111\u00e3 c\u00f3 hi\u1ec7u l\u1ef1c v\u00e0 ch\u1ec9 s\u1ed1 ni\u1ec1m tin ng\u01b0\u1eddi ti\u00eau d\u00f9ng c\u1ee7a Anh \u0111\u00e3 t\u0103ng 2,1 \u0111i\u1ec3m ph\u1ea7n tr\u0103m so v\u1edbi c\u00f9ng k\u1ef3 th\u00e1ng tr\u01b0\u1edbc v\u00e0o cu\u1ed1i th\u00e1ng 5. Tuy nhi\u00ean, ch\u00fang ta c\u1ea7n c\u1ea3nh gi\u00e1c v\u1edbi r\u1ee7i ro do \u201c\u0111\u1ed9 tr\u1ec5 c\u1ee7a t\u00e1c \u0111\u1ed9ng ch\u00ednh s\u00e1ch\u201d \u2013 l\u0129nh v\u1ef1c ti\u00eau d\u00f9ng trong ch\u1ec9 s\u1ed1 FTSE 100 di\u1ec5n bi\u1ebfn \u0111i ngang, v\u1edbi m\u1ee9c t\u0103ng l\u0169y \u200b\u200bk\u1ebf ch\u1ec9 0,48% trong 10 ng\u00e0y giao d\u1ecbch v\u1eeba qua, ph\u1ea3n \u00e1nh th\u1ecb tr\u01b0\u1eddng v\u1eabn th\u1eadn tr\u1ecdng tr\u01b0\u1edbc s\u1ee9c m\u1ea1nh ph\u1ee5c h\u1ed3i ti\u00eau d\u00f9ng. Wmax nh\u1ea5n m\u1ea1nh r\u1eb1ng ch\u1ec9 b\u1eb1ng c\u00e1ch h\u00ecnh th\u00e0nh chu tr\u00ecnh t\u00edch c\u1ef1c gi\u1eefa n\u00e2ng cao n\u0103ng su\u1ea5t v\u00e0 c\u1ea3i thi\u1ec7n l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p th\u00ec v\u00f2ng kh\u00e9p k\u00edn \u201can ninh sinh k\u1ebf c\u1ee7a ng\u01b0\u1eddi d\u00e2n-ph\u1ee5c h\u1ed3i ti\u00eau d\u00f9ng-t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf\u201d m\u1edbi th\u1ef1c s\u1ef1 \u0111\u01b0\u1ee3c hi\u1ec7n th\u1ef1c h\u00f3a. \u0110\u00e2y c\u0169ng l\u00e0 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft c\u1ed1t l\u00f5i \u0111\u1ec3 kh\u00f4i ph\u1ee5c \u0111\u1ecbnh gi\u00e1 trung h\u1ea1n c\u00e1c t\u00e0i s\u1ea3n c\u1ee7a Anh.<\/p>\n<p><a id=\"post-7629-heading_0\"><\/a><strong>\u0110\u00ednh k\u00e8m: Khuy\u1ebfn ngh\u1ecb \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n v\u00e0 trung h\u1ea1n d\u1ef1a tr\u00ean \u0111i\u1ec3m th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i<\/strong><\/p>\n<p><strong>M\u1ee5c ti\u00eau c\u1ed1t l\u00f5i v\u00e0 \u0111i\u1ec3m hi\u1ec7n t\u1ea1i: GBP\/USD (1,3501), Ch\u1ec9 s\u1ed1 FTSE 100 (8731,24)<\/strong><\/p>\n<p><strong>1. T\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n (th\u1eddi gian: 1-3 th\u00e1ng)<\/strong><\/p>\n<ul>\n<li><strong>GBP sang USD:<\/strong>Trong ng\u1eafn h\u1ea1n, nh\u1eadn \u0111\u1ecbnh \u201cdao \u0111\u1ed9ng ph\u1ea1m vi m\u1ea1nh\u201d \u0111\u01b0\u1ee3c duy tr\u00ec, v\u1edbi ph\u1ea1m vi bi\u1ebfn \u0111\u1ed9ng c\u1ed1t l\u00f5i l\u00e0 1.3420-1.3600. V\u1ec1 m\u1eb7t chi\u1ebfn l\u01b0\u1ee3c ho\u1ea1t \u0111\u1ed9ng, n\u1ebfu t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 1,3450, c\u00e1c v\u1ecb th\u1ebf mua c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u1eb7t \u1edf v\u1ecb th\u1ebf nh\u1eb9, m\u1ee9c d\u1eebng l\u1ed7 \u0111\u01b0\u1ee3c \u0111\u1eb7t th\u00e0nh 1,3400 (m\u1ee9c h\u1ed7 tr\u1ee3 c\u1ea1nh d\u01b0\u1edbi c\u1ee7a ph\u1ea1m vi s\u1ed1c tr\u01b0\u1edbc \u0111\u00f3) v\u00e0 m\u1ee5c ti\u00eau l\u00e0 1,3560-1,3590 (m\u1ee9c \u00e1p su\u1ea5t g\u1ea7n m\u1ee9c cao g\u1ea7n \u0111\u00e2y). Logic c\u1ed1t l\u00f5i: K\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Anh t\u1ee5t h\u1eadu so v\u1edbi C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u00e0 l\u1ee3i th\u1ebf v\u1ec1 l\u00e3i su\u1ea5t s\u1ebd ti\u1ebfp t\u1ee5c trong ng\u1eafn h\u1ea1n; OBR \u0111\u00e3 n\u00e2ng cao k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ti\u1ebfp theo c\u1ee7a m\u00ecnh \u0111\u1ec3 cung c\u1ea5p h\u1ed7 tr\u1ee3 c\u01a1 b\u1ea3n cho t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i.<\/li>\n<li><strong>Ch\u1ec9 s\u1ed1 FTSE 100:<\/strong>\u77ed\u671f\u4ee5\u201c\u9632\u5fa1\u4e3a\u4e3b\u3001\u8c28\u614e\u5e03\u5c40\u201d\u4e3a\u539f\u5219\uff0c\u91cd\u70b9\u914d\u7f6e\u9ad8\u80a1\u606f\u84dd\u7b79\u6807\u7684\uff08\u5982\u80fd\u6e90\u3001\u516c\u7528\u4e8b\u4e1a\u677f\u5757\uff09\u3002\u6307\u6570\u652f\u6491\u4f4d\u4e3a8690-8710\u70b9\uff0c\u82e5\u8dcc\u78348690\u70b9\u9700\u9002\u5ea6\u51cf\u4ed3\u89c4\u907f\u98ce\u9669\uff1b\u53cd\u5f39\u81f38760-8790\u70b9\uff08\u524d\u671f\u9707\u8361\u533a\u95f4\u4e0a\u6cbf\uff09\u53ef\u62e9\u673a\u83b7\u5229\u4e86\u7ed3\u3002\u6838\u5fc3\u903b\u8f91\uff1a2025\u5e74\u7ecf\u6d4e\u589e\u957f\u9884\u671f\u4e0b\u8c03\u81f31%\uff0c\u5468\u671f\u7c7b\u677f\u5757\u8868\u73b0\u53d7\u9650\uff0c\u9632\u5fa1\u6027\u677f\u5757\u5177\u5907\u66f4\u5f3a\u6297\u8dcc\u6027\u3002<\/li>\n<\/ul>\n<p><img decoding=\"async\" width=\"1191\" height=\"707\" class=\"wp-image-7637\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11.png 1191w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-300x178.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-1024x608.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-768x456.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-18x12.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-900x534.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/img_256-11-600x356.png 600w\" sizes=\"(max-width: 1191px) 100vw, 1191px\" \/><\/p>\n<p><strong>2. T\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 trung h\u1ea1n (th\u1eddi gian: 6-12 th\u00e1ng)<\/strong><\/p>\n<ul>\n<li><strong>GBP sang USD:<\/strong>L\u1ea1c quan v\u1ec1 xu h\u01b0\u1edbng \"t\u0103ng gi\u00e1 ch\u1eadm\", \u0111i\u1ec3m m\u1ee5c ti\u00eau l\u00e0 1,38-1,40. V\u1ec1 m\u1eb7t chi\u1ebfn l\u01b0\u1ee3c ho\u1ea1t \u0111\u1ed9ng, ph\u01b0\u01a1ng ph\u00e1p \"x\u00e2y d\u1ef1ng v\u1ecb tr\u00ed theo \u0111\u1ee3t\" c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng v\u00e0 khi t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i quay tr\u1edf l\u1ea1i ph\u1ea1m vi 1,34-1,35, c\u00e1c v\u1ecb tr\u00ed mua c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u00eam d\u1ea7n d\u1ea7n v\u00e0 m\u1ee9c d\u1eebng l\u1ed7 \u0111\u01b0\u1ee3c \u0111\u1eb7t th\u00e0nh 1,32 (m\u1ee9c h\u1ed7 tr\u1ee3 ch\u00ednh). Logic c\u1ed1t l\u00f5i: OBR d\u1ef1 \u0111o\u00e1n t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf s\u1ebd t\u0103ng l\u00ean 1,9% v\u00e0o n\u0103m 2026 v\u00e0 m\u1ee5c ti\u00eau th\u1eb7ng d\u01b0 t\u00e0i ch\u00ednh s\u1ebd d\u1ea7n d\u1ea7n \u0111\u01b0\u1ee3c hi\u1ec7n th\u1ef1c h\u00f3a, \u0111i\u1ec1u n\u00e0y s\u1ebd n\u00e2ng cao s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a t\u00e0i s\u1ea3n \u0111\u1ed3ng b\u1ea3ng Anh; sau khi l\u1ea1m ph\u00e1t gi\u1ea3m tr\u1edf l\u1ea1i ph\u1ea1m vi m\u1ee5c ti\u00eau, vi\u1ec7c \u0111\u1ecbnh gi\u00e1 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i s\u1ebd tr\u1edf l\u1ea1i nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n.<\/li>\n<li><strong>Ch\u1ec9 s\u1ed1 FTSE 100:<\/strong>Khuy\u1ebfn ngh\u1ecb \u201cb\u1ed1 tr\u00ed c\u00e1c ng\u00e0nh thu\u1eadn chu k\u1ef3 \u1edf m\u1ee9c gi\u1ea3m\u201d, t\u1eadp trung v\u00e0o ng\u00e0nh ti\u00eau d\u00f9ng v\u00e0 c\u00f4ng nghi\u1ec7p, v\u1edbi m\u1ee5c ti\u00eau l\u00e0 8900-9000 \u0111i\u1ec3m. N\u1ebfu ch\u1ec9 s\u1ed1 quay tr\u1edf l\u1ea1i v\u00f9ng 8600-8650 \u0111i\u1ec3m, n\u1ed7 l\u1ef1c ph\u00e2n b\u1ed5 c\u00f3 th\u1ec3 t\u0103ng l\u00ean. Logic c\u1ed1t l\u00f5i: S\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a thu nh\u1eadp kh\u1ea3 d\u1ee5ng c\u1ee7a h\u1ed9 gia \u0111\u00ecnh s\u1ebd th\u00fac \u0111\u1ea9y s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a ti\u00eau d\u00f9ng v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n sau khi d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o n\u0103m 2026; PE \u0111\u1ed9ng hi\u1ec7n t\u1ea1i c\u1ee7a ch\u1ec9 s\u1ed1 l\u00e0 kho\u1ea3ng 12 l\u1ea7n, \u1edf m\u1ee9c th\u1ea5p l\u1ecbch s\u1eed v\u00e0 c\u00f2n d\u01b0 \u0111\u1ecba \u0111\u1ec3 s\u1eeda ch\u1eefa \u0111\u1ecbnh gi\u00e1.<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td>C\u1ea3nh b\u00e1o r\u1ee7i ro: L\u1ea1m ph\u00e1t to\u00e0n c\u1ea7u ph\u1ee5c h\u1ed3i nhi\u1ec1u h\u01a1n d\u1ef1 ki\u1ebfn, xung \u0111\u1ed9t th\u01b0\u01a1ng m\u1ea1i Anh-EU leo thang, d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf OBR \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m, s\u1ef1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Anh v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 kh\u00e1c c\u00f3 th\u1ec3 khi\u1ebfn gi\u00e1 t\u00e0i s\u1ea3n \u0111i ch\u1ec7ch kh\u1ecfi xu h\u01b0\u1edbng d\u1ef1 ki\u1ebfn. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u0111i\u1ec1u ch\u1ec9nh v\u1ecb th\u1ebf c\u1ee7a m\u00ecnh d\u1ef1a tr\u00ean m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro c\u1ee7a b\u1ea3n th\u00e2n v\u00e0 ti\u1ebfp t\u1ee5c ch\u00fa \u00fd \u0111\u1ebfn b\u00e1o c\u00e1o \u0111\u00e1nh gi\u00e1 v\u00e0 nghi\u00ean c\u1ee9u n\u0103ng \u0111\u1ed9ng do Wmax c\u00f4ng b\u1ed1.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"<p>Ng\u00e2n s\u00e1ch m\u00f9a xu\u00e2n c\u1ee7a Anh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n, \u0111\u1ed3ng b\u1ea3ng Anh so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la \u1ed5n \u0111\u1ecbnh \u1edf m\u1ee9c 1,3501 v\u00e0 ch\u1ec9 s\u1ed1 FTSE 100 \u1edf m\u1ee9c 8731,24. Trong ng\u1eafn h\u1ea1n, n\u00f3 b\u1ecb chi ph\u1ed1i b\u1edfi l\u1ea1m ph\u00e1t v\u00e0 c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, duy tr\u00ec trong ph\u1ea1m vi 1.3420-1.3600; trong trung h\u1ea1n, v\u1edbi d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng cho n\u0103m 2026 \u0111\u01b0\u1ee3c n\u00e2ng l\u00ean, \u0111\u1ed3ng b\u1ea3ng Anh nh\u1eafm m\u1ee5c ti\u00eau 1,38-1,40 v\u00e0 FTSE 100 h\u01b0\u1edbng t\u1edbi 8900-9000 \u0111i\u1ec3m. N\u00ean tri\u1ec3n khai c\u00e1c l\u0129nh v\u1ef1c thu\u1eadn chu k\u1ef3 khi gi\u00e1 gi\u1ea3m.<\/p>","protected":false},"author":1,"featured_media":7634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[120],"tags":[233,231,232],"class_list":["post-7629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-solutions","tag-233","tag-231","tag-232"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=7629"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7629\/revisions"}],"predecessor-version":[{"id":7639,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7629\/revisions\/7639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/7634"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=7629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=7629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=7629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}