GBP/USD remains close to six months, 1,3300, focus on commercial discussions between the US and the United Kingdom
The GBP/USD continues its bullish impulse since April 8, quoting about 1,3280 during the Asian session on Friday. The torque is driven by a weakening of the US dollar (USD), since concerns about the economic impact of tariffs in the United States grow. While market participants monitor developments in the US trade negotiations, commercial activity is expected to remain light due to the Good Friday holiday.
The USD found some support after the hard line comments of the president of the Federal Reserve, Jerome Powell, who warned that a slow economy along with persistent inflation could challenge the dual mandate of the Fed and increase the risks of stagning. According to the CME Fedwatch tool, the operators are valuing around 86 basic points of rates cuts by the end of 2025, with the first expected in July. Read more…
GBP/USD remains stable about 1,3250 after mixed economic data of the USA.
The sterling pound (GBP) remains stable against the US dollar (USD) on Thursday after the US economic data (USA) suggest that the labor market is still solid, while housing data were mixed. At the time of writing, the GBP/USD quotes at 1,3250, rising 0.11%.
The US economic agenda was slightly occupied with the publication of initial unemployment applications, which were lower than estimates, a positive reading for the labor market. The applications in the week that ended on April 12 increased by 215K, lowering 224k, below the 225K forecasts. Read more…
The GBP is consolidating the recent rebound – Scotiabank
The sterling pound (GBP) enters the American session of the flat Thursday against the US dollar (USD) with relative profits compared to all the currencies of the G-10, except the Swedish crown (SEK) and the Norwegian crown (Nok), says Shaun Osborne, head of FX of Scotiabank.
“The absence of national data and events publications of the Central Bank leaves the pound vulnerable to operate based on broader developments and market tone, with some risks from the ECB as well. We see that the risk balance is inclined to the rise and we maintain an upward perspective for the long -term GBP.” Read more…
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.
