- GBP/USD decreases but the psychological level exceeds 1.2900 amid constant uncertainty.
- The UK economy unexpectedly reduced 0.1 % in January, raising bets on the future bank price discounts in England.
- The inflation forecast in the United States of consumers rises, complicating the decisions of the Federal Reserve before the implementation of the US tariff on April 2.
The British pound (GBP) records the landing days, as about 0.14 % fell on Friday against Greenback after economic data from the United Kingdom (UK) revealed that GDP (GDP) has been contracted. Nevertheless, GBP/USD is trading above 1.2900, about to finish today near this level.
GBP/USD compressed after missing GDP in the United Kingdom during the high inflation expectations in the United States holds the next step
Recently, data from the University of Michigan (UOM) showed that consumer morale in March has deteriorated, from 64.7 to 57.9, below expectations of 63.1. It is worth noting that inflation forecast jumped, as Americans saw inflation for 12 months from 4.3 % to 4.9 %. Over a period of five years, consumers have seen 3.9 % prices, an increase of 3.5 %.
GBP/USD traders are located in Bonanza for the central bank next week, starting with the Federal Reserve (Fed). Last Friday, Federal Reserve Chairman Jerome Powell revealed that “market measures for inflation expectations have risen, driven by definitions.”
Therefore, this Friday’s reading may prevent the Federal Reserve from the policy of mitigation as US President Donald Trump will enact mutual definitions on April 2.
Through the blessing, the British economy unexpectedly shrinkled by -0.1 % of my mother in January, and the expansion of 0.1 % estimated by analysts. After the data, interest rates were exchanged at 56 basis points of interest rate discounts by Bank of England in 2025, which is expected to keep rates next Thursday.
Next week, data from the UK will display jobs report, S&P Global Flash PMIS and BOE interest rate decision. For the United States, merchants will discuss retail sales, housing data, monetary policy decisions at the Federal Reserve and Economic Expectations.
GBP/USD price expectations: Technical expectations
Despite the decline of about 1.2900 and reaching the lowest level in two days at 1.2916, it seems that merchants hesitated to pay the GBP/USD after the husband wiped the simple moving average for 200 days (SMA) at 1.2791 on March 5. On the contrary, a decrease under 1,2900 will expose the lowest level in the current week of 1.2860, which is before SMA for 200 days.
British pound price today
The table below shows the percentage of change in the British pound (GBP) against the main currencies listed today. The British pound was the strongest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.29 % | 0.14 % | 0.45 % | -0.34 % | -63 % | -0.86 % | 0.27 % | |
| euro | 0.29 % | 0.47 % | 0.73 % | -04 % | -0.35 % | -58 % | 0.65 % | |
| GBP | -0.14 % | -0.47 % | 0.25 % | -53 % | -0.81 % | -1.03 % | 0.18 % | |
| JPY | -0.45 % | -0.73 % | -0.25 % | -0.79 % | -1.07 % | -1.29 % | -07 % | |
| CAD | 0.34 % | 0.04 % | 0.53 % | 0.79 % | -0.27 % | -52 % | 0.70 % | |
| Aud | 0.63 % | 0.35 % | 0.81 % | 1.07 % | 0.27 % | -0.23 % | 0.94 % | |
| Nzd | 0.86 % | 0.58 % | 1.03 % | 1.29 % | 0.52 % | 0.23 % | 1.23 % | |
| Chf | -0.27 % | -65 % | -18 % | 0.07 % | -0.70 % | -0.94 % | -1.23 % |
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).
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