- US Secretary of the Treasury to meet the Chinese Deputy Prime Minister in Switzerland, raising the feeling of the market.
- The Fed should hold stable rates; The market price was reduced for the first time in July with two others by the end of the year.
- The Commerce of the final United Kingdom; Speculation increases on a potential agreement of the United Kingdom in the midst of global tariff changes.
The pound sterling (GBP) withdrew after having published days of consecutive winnings compared to US dollar (USD). However, the positive news linked to a possible de-escalation of Chinese-American tensions lent a rescue buoy to the greenback, which remains firm at the start of the negotiation. At the time of writing GBP / USD is negotiated at 1,3360, practically unchanged.
The GBP / USD holds nearly 1,3360 while the uprising of American-China tensions
Risk appetite has improved in the hope of alleviating tensions between Beijing and Washington. The secretary of the United States of the Treasury, Scott Bessent, said that he would meet a Chinese delegation led by the Deputy Minister of the Deputy Prime Minister, He Lifeng in Switzerland this weekend.
The merchant's attention moved to the United States Federal reserve (Fed) Monetary policy decision at 6:00 p.m. GMT. Before the meeting, political decision -makers expressed that the policy was appropriate to balance the central bank's double mandate. Until now, the exchange markets have had a price in lower interest rates of the first 25 basic points (BPS) for the July meeting, and they expect two additional discounts towards the end of the year.
Through the pond, news emerged Tuesday that the United Kingdom and India have accepted a free trade pact, stimulated by the promulgation by US President Donald Trump prices in the world.
Analysts suggested that a trade agreement between the United States and the United Kingdom could be announced soon.
In addition to that, investors are watching the decision of the Bank of England (BOE) on Thursday. The markets had evaluated 94 bps of the softening, including 25 bps on Thursday.
GBP / USD price forecasts: technical perspectives
From a technical point of view, the GBP / USD pair has consolidated in the range of 1,3320 to 1,3400 for the last five days of negotiation in the middle of the absence of a catalyst which could trigger a move outside this area. A bellicist socket by the Nourished could lead the pair down 1.33 and pave the way to a break under the latter.
In this result, GBP / USD could test the lowest daily daily of April 23 of 1.3233 in advance on 1,3200. On a new weakness, prices could drop to the 50 -day simple mobile average (SMA) to 1.3044.
Conversely, if GBP / USD climbs beyond 1,3400, buyers could test the top of the year (YTD) at 1.3443, followed from 1,3450. Once these levels have been violated, the next resistance will be 1,3,500.
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 US dollar.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.27% | -0.75% | -0.99% | -0.15% | -0.13% | -0.50% | -0.61% | |
| Eur | 0.27% | -0.22% | -0.47% | 0.39% | 0.40% | 0.04% | -0.08% | |
| 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% | |
| Goujat | 0.15% | -0.39% | -0.60% | -0.85% | -0.28% | -0.36% | -0.46% | |
| Aud | 0.13% | -0.40% | -0.61% | -0.87% | 0.28% | -0.36% | -0.47% | |
| Nzd | 0.50% | -0.04% | -0.25% | -0.58% | 0.36% | 0.36% | -0.12% | |
| CHF | 0.61% | 0.08% | -0.14% | -0.50% | 0.46% | 0.47% | 0.12% |
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).
