- The GBP / USD earns 0.55% while investors sell the USD in the middle of commercial uncertainty.
- China requires the full price retreat; US officials repel compromise.
- Dxy fell to 99.45 while Fed officials take on a cautious and dependent tone.
The book Sterling I recovered land against the US dollar on Thursday while market players developed pessimistic about the defense of the American-Chinese trade war. Beijing pressure on Washington to eliminate prices and denied talks. At the time of writing the editorial staff, the GBP / USD is negotiated greater than 1,3300 and earns 0.55%.
GBP / USD climbs over 1,3300 while price bumps risk feeling and weakens the US dollar.
Price action remains dominated by the greenback, which dropped 0.32% as shown in the United States Dollar index (Dxy), which follows Buck's performance against a peer basket. The DXY is 99.45 after reaching a daily peak of 99.84.
Thursday, the spokesman for the Chinese Ministry of Commerce urged the United States to increase all rights to Chinese imports “if he really wants to solve the problem.”
Although US President Donald Trump is ready to start the negotiations, the US Treasury Secretary, Scott Bessent, has paid cold water on traders, saying that the reduction in unilaterally prices is not an option.
On the data front, orders for sustainable goods in the United States increased in March 0.9% to 9.2% sponsored by aircraft reservations. Initial Unemployed complaint For the week ending on April 19, increased by 222K as planned, against 216K during the previous reading.
A myriad of Fed speakers crosses the wires. Fed Beth Hammack de Cleveland said that the American central bank could evolve in June if the data justify it, although it added that uncertainty weighed on businesses and their planning. Nourished Governor Christopher Waller echoes his words, but added that if the labor market was weakening, “rate reductions could come from the increase in unemployment”.
Other data revealed that sales of existing houses plunged from -5.9% from 4.27 million to 4.02 million, assigned by higher borrowing costs.
GBP / USD price forecasts: technical perspectives
In the middle of this backdrop, the GBP / USD is about to extend its earnings, although not reaching a daily closure above the peak of 1.333 on Wednesday could sponsor a withdrawal to the simple 50-day mobile average (SMA) at 1.3194.
However, if buyers push the exchange rate beyond 1,3350, it will exhibit the figure of 1,3400, followed by the highest of the year (YTD) of 1.3423.
British book Prize this week
The table below shows the percentage of variation in the British book (GBP) against the main currencies listed this week. The British book was the strongest against the Swiss franc.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.26% | -0.05% | 0.36% | 0.26% | -0.23% | -0.94% | 1.29% | |
| Eur | -0.26% | -0.47% | 0.05% | -0.05% | -0.67% | -1.23% | 1.01% | |
| GBP | 0.05% | 0.47% | 0.70% | 0.43% | -0.22% | -0.77% | 1.48% | |
| Jpy | -0.36% | -0.05% | -0.70% | -0.08% | -0.68% | -1.15% | 0.98% | |
| Goujat | -0.26% | 0.05% | -0.43% | 0.08% | -0.60% | -1.18% | 1.05% | |
| Aud | 0.23% | 0.67% | 0.22% | 0.68% | 0.60% | -0.54% | 1.68% | |
| Nzd | 0.94% | 1.23% | 0.77% | 1.15% | 1.18% | 0.54% | 2.29% | |
| CHF | -1.29% | -1.01% | -1.48% | -0.98% | -1.05% | -1.68% | -2.29% |
The thermal map shows the percentage of variations in the main currencies against each other. The basic currency is chosen in the left column, while the quotes motto is chosen in the upper row. For example, if you choose the British left column book and go along the horizontal line to the US dollar, the percentage of variation displayed in the box will represent the GBP (base) / USD (quote).
