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- The US Treasury Secretary to meet with the Chinese Deputy Prime Minister in Switzerland, and raise market morale.
- The Federal Reserve is expected to maintain fixed rates; Market prices for the first time in July with two others by the end of the year.
- The trade agreement in the United Kingdom and India has been completed; Speculation grows on a possible agreement in the United Kingdom-the United States amid global tariff attacks.
The British pound declined after publishing successive days of gains against US dollar. However, the positive news related to canceling the potential escalation of the Chinese -American tensions presented the lifeline to Greenback, which is still firm in early trading. At the time of writing this report, GBP/USD Trading in 1.3360, almost unchanged.
GBP/USD keeps nearly 1.3360 with US -Chinese tensions reduce the dollar before the federal reserve decision and the England Bank meeting
The appetite of the risks improved in the hope of reducing tensions between Beijing and Washington. US Treasury Secretary Scott Bessin said he will meet a Chinese delegation led by Deputy Prime Minister in Living, Switzerland this week.
The concentration of the trader turned into the United States Federal Reserve (Federal Reserve) Monetary Policy Resolution at 18:00 GMT. Before the meeting, politics expressed that policy is suitable for achieving a balance between the dual authorization of the Central Bank. Al -Makazat markets so far were at the first 25 basis points to reduce the BPS for the July meeting, and they expect two additional discounts at the end of the year.
Al -Baraka, news appeared on Tuesday that the United Kingdom and India agreed to the free trade agreement, which was prompted by the legislation of US President Donald Trump to tariffs around the world.
Analysts have suggested that a commercial deal between the United States and the United Kingdom can be announced soon.
Regardless of this, investors monitor the monetary policy decision of England on Thursday. The markets were at 94 basis points of mitigation, including 25 basis points on May 8.
GBP/USD price expectations: Technical expectations
From a technical perspective, the GBP/USD has been unified within the 1.3320 – 1.3400 range in the past five days, amid the lack of a catalyst that could lead to a step outside that region. Holding sincerely before feeding The husband can lead to a decrease 1.33 and hand in the way to hack below the last.
In that result, GBP/USD can test a minimum daily level on April 23 at 1.3233 before 1.3200. On more weakness, prices can decrease towards a simple moving average for 50 days (SMA) at 1.3044.
On the contrary, if the GBP/USD enlarges 1.3400, the buyers can test the YTD at 1.3443, followed by 1.3450. Once these levels are violated, the following resistance will be 1.3500.
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 US dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.27 % | -0.75 % | -0.99 % | -0.15 % | -0.13 % | -0.50 % | -61 % | |
| euro | 0.27 % | -0.22 % | -0.47 % | 0.39 % | 0.40 % | 0.04 % | -08 % | |
| GBP | 0.75 % | 0.22 % | -0.46 % | 0.60 % | 0.61 % | 0.25 % | 0.14 % | |
| JPY | 0.99 % | 0.47 % | 0.46 % | 0.85 % | 0.87 % | 0.58 % | 0.50 % | |
| CAD | 0.15 % | -0.39 % | -0.60 % | -0.85 % | -0.28 % | -0.36 % | -0.46 % | |
| Aud | 0.13 % | -0.40 % | -61 % | -0.87 % | 0.28 % | -0.36 % | -0.47 % | |
| Nzd | 0.50 % | -04 % | -0.25 % | -58 % | 0.36 % | 0.36 % | -0.12 % | |
| Chf | 0.61 % | 0.08 % | -0.14 % | -0.50 % | 0.46 % | 0.47 % | 0.12 % |
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).
