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- The trade deal for the United States of America supports the British pound. Trump keeps 10 % of the customs tariff but opens access to the markets wider.
- BOE reduces interest rates by 25 basis points in a three -way vote, and traders now believe that July is closest to another.
- DXY decreases by 0.37 % to 100.26 as Federal Reserve officials strike a cautious tone in the hard labor market and slow growth forecast.
The British pound (GBP) recorded strong gains on Friday, as it increased by 0.41 % after announcing a trade deal between the United States (the United States) and the United Kingdom (UK) on Thursday. However, the rate of reduction in its price was crowned by the Bank of England, but the husband remains trading near the handle of 1.33 after being bounced at the lowest daily level of 1.3211.
GBP/USD rises with the promotion of the commercial agreement, while the Boe Dovish tone is corresponding to twice the dollar and cautious federal reserve statements
US President Donald Trump and UK Prime Minister Kiir Starmer announced a bilateral trade agreement, which leaves the Trump tariff by 10 % on British exports in place, but opens the markets for both countries. News GBP/USD Decrease after BOE decided to cut Rates By 25 basis points (BPS), with a three -way vote, with seven of nine officials voted to reduce average, but two of them supported a 50 -point reduction. On the honesty side there were two of the nine members,
Earlier, Bank of Andrew Billi said that the commercial deal was good, although he indicated that it was still a 10 % tariff for most British exports, which was higher than it was before last month.
The next Boy cut until July
Meanwhile, the interest rate expectations at the Bank of England indicate that traders reduce the chances of reduction in June, but see a 50 % chance in July.
The British pound maintains its gains, with the support of weak US dollars. the US dollar The index (DXY), which tracks the performance of a six -peak basket against Pak, decreased by 0.37 % at 100.26.
Wise data, and American economic list Many Federal Reserve Speakers (Fed). The governor of the Federal Reserve, Adriana Kogler, stated that the labor market is close to the maximum employment and noted that monetary policy is currently bound by moderate.
New York Reserve Chairman John Williams said that price stability in the Federal Reserve Bank is expected to return to 2 % and projects grow largely. He added that politics is in a good place.
Atlanta Federal Reserve Rafael Postic He said that it is not wise to control politics amid uncertainty.
GBP/USD price expectations: Technical expectations
GBP/USD remains biased up, although it is scheduled to finish the week near the opening price, an indication of a balance between buyers/sellers. The momentum remains optimistic as shown in the RSI index, but the price procedure says the opposite. Although there is no difference, buyers need to restore 1.3400, so they print higher higher and will have an opportunity to test the annual peak of 1.3443. On another strength, the next ceiling is 1.35.
On the contrary, if the GBP/USD remains less than 1.3300, the first support is 1.3250, followed by the lowest level per day at 1.3211.
British pound price this week
The table below shows the percentage of change in the British pound (GBP) against the main currencies listed this week. The British pound was the strongest against the Canadian dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.57 % | -0.42 % | 0.30 % | 0.92 % | 0.49 % | 0.50 % | 0.47 % | |
| euro | -57 % | -0.70 % | 0.00 % | 0.63 % | 0.20 % | 0.22 % | 0.18 % | |
| GBP | 0.42 % | 0.70 % | 0.48 % | 1.34 % | 0.90 % | 0.93 % | 0.88 % | |
| JPY | -0.30 % | 0.00 % | -0.48 % | 0.63 % | 0.20 % | 0.30 % | 0.29 % | |
| CAD | -0.92 % | -63 % | -1.34 % | -63 % | -0.72 % | -0.41 % | -0.45 % | |
| Aud | -0.49 % | -0.20 % | -0.90 % | -0.20 % | 0.72 % | 0.02 % | -02 % | |
| Nzd | -0.50 % | -0.22 % | -0.93 % | -0.30 % | 0.41 % | -02 % | -06 % | |
| Chf | -0.47 % | -18 % | -0.88 % | -0.29 % | 0.45 % | 0.02 % | 0.06 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the British pound from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent the GBP (Base)/USD (quotation).
