- The sterling pound falls 0.29% after failing to maintain profits near the maximum of the year.
- The Jolts and Trust data of the CB in the US do not comply with the forecasts, feeding the speculation about Fed features.
- Traders are preparing for the publication of the US Q1, key to shape the Fed policy perspective.
The sterling pound depreciates the US dollar and falls after trying the maximum of the year to date (YTD) of 1,3443. However, it fails to stay above 1.34 while extending its losses. At the time of writing, the GBP/USD quotes at 1,3379, a 0.29%drop.
The GBP/USD goes back to 1,3379 while work and confidence figures in the US feed hoping hopes for feeds but increase the demand for the dollar
The trust of investors seems to have improved since the yields of the US Treasury bonds
The US Employment and Rotation Survey (Jolts) data in March fell to its lowest level since September, indicating a weaker labor demand. The figures fell from 7.48 million to 7,192 million last month, below the forecasts of 7.48 million. At the same time, the Board Conference (CB) fell to a minimum of almost five years in April, since trust fell from 93.9 to 86.0, below the forecasts of 87.5.
Meanwhile, some reports from Washington revealed that the Trump administration could reduce some tariffs linked to the automotive industry. However, the ‘commercial war’ between the US and China could continue to influence the feeling of traders.
Last week, the United Kingdom retail sales data indicated that household spending remains solid. However, weakest PMI figures showed that companies remain insecure about US commercial policies.
Facing this week, traders are still attentive to the figures of the Gross Domestic Product (GDP) on Wednesday, with the median projecting that the US economy grew 0.4% in Q1 of 2025.
GBP/USD price forecast: technical perspective
The GBP/USD continues to struggle to find acceptance above 1.34, since the pair rose beyond this level but failed to consolidate its profits. The pair fell to 1,3390, and if buyers fail to close above 1.34, a reversal and a challenge to the simple mobile average (SMA) of 20 days in 1,3303 are expected.
LIBRA ESTERLINA PRICE THIS WEEK
The lower table shows the percentage of sterling pound (GBP) compared to the main currencies this week. Libra sterling was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.26% | -0.60% | -0.94% | -0.09% | 0.20% | 0.32% | -0.69% | |
| EUR | 0.26% | -0.39% | -0.70% | 0.15% | 0.37% | 0.58% | -0.45% | |
| GBP | 0.60% | 0.39% | -0.32% | 0.57% | 0.75% | 0.97% | -0.04% | |
| JPY | 0.94% | 0.70% | 0.32% | 0.89% | 1.19% | -0.13% | 0.55% | |
| CAD | 0.09% | -0.15% | -0.57% | -0.89% | 0.17% | 0.41% | -0.59% | |
| Aud | -0.20% | -0.37% | -0.75% | -1.19% | -0.17% | 0.22% | -0.80% | |
| NZD | -0.32% | -0.58% | -0.97% | 0.13% | -0.41% | -0.22% | -1.01% | |
| CHF | 0.69% | 0.45% | 0.04% | -0.55% | 0.59% | 0.80% | 1.01% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
