Pound pound enlargement as Boe gradually maintains an alleviation attitude, cuts interest rates to 4.25%

• There is a strong pound behind the pound sterling table against their companions, as two Boe officials voted for the persistence of interest rates.
• As expected, Boe lowered interest rates by 25 pairs to 4.25%and repeated his gradual approach to increasing politics.
• US President Trump plans to report his first bilateral trade transaction, allegedly in the UK, after returning to the White House.

The pound pound sterling (GBP) attracts offers against its peers on Thursday at the European session after reducing the interest rate on the Hawkish interest rate on the English Bank (Boe) Hawkish. Boe has reduced the loan rates by 25 base points (BPS) to 4.25%, as expected, changing the expansion cycle of the current money to trim the fourth interest rate, where it started in August last year.

Seven of the nine monetary political committee (MPC) voted in favor of reducing interest rates, with two policy makers, Swati Dhjra and Alan Taylor, supported a higher interest rate reduction in 50 BPS. In the meantime, Catherine Mann and Huw Pill voted for the departure of interest rates by 4.5%. Economists assumed that only Swati Djingra would support more interest rates and the rest would vote in favor of reducing the 25-BPS interest rate.

In the meantime, Boe has maintained its “gradual and careful” position on the financial enlargement trail and increased the forecast of the Domestic Forecast (GDP) for the current year. Boe has reviewed its GDP growth rate of 1% per year, compared to 0.75% in February. Market experts, however, thought that Boe could return his gradual policy alleviation reference due to potential economic risk United States (US) President Donald Trump.

“We assume that Boe will humiliate its gross domestic product (GDP) forecasts from the Trade War and there is a risk that Boe could remove a reference to a gradual cutting cycle,” Australian Commonwealth Bank analysts reported earlier this week.

Daily Digest Market Markers: Pound Sterling Back Back to US Dollar

• The return of the pound pound sterling table is strongly at 1.3330 in relation to the US dollar (USD) in late European trading hours. The GBP/USD pair reaches the ground and collides back, despite the US dollar extends Wednesday recovery. The US Dollar Exle (DXY), which monitors the value of Greenback with six main currencies, moves around 100.00 as the Federal Reserve (Fed prices Persistent in the current range of 4.25%-4.50.
• Fed kept the loan rates even in a row at the third meeting, as the risks of inflation have leaned upside down. “The risks of greater unemployment and higher inflation have increased,” said Fed chairman Jerome Powell at a news conference. “Our goal is to confirm inflation expectations,” he added.
• Powell's comments also signaled the risk of stagflation. Powell said that So far, the tariffs are “significantly higher than expected” and the fact that greater inflation and lower employment are possible if the high elevations of the announced tariffs are “permanent”To.
• In the meantime, US President Trump Powell has again criticized that he did not reduce interest rates. “Too late” is Jerome Powell a fool who has no idea, Trump said of the truth.
• In the future, Greenback will be the main trigger of the US and its trading partners bilateral trade transactions. On Wednesday, US President Trump said that he would disclose a bilateral transaction with the Allied trading ally.
• The New York Times (NYT) report has shown that the people the White House reports about its first trade transaction is the United Kingdom (UK). The impact of US-UK trade transactions is expected to be positive against the US dollar whose security status has been somewhat tilted in the midst of uncertainty about global economic prospects in the context of Trump's new economic policy. However, the impact of any transaction is limited, as there is already a trade deficit in the United States in the UK.
• During European trading hours, Sky News announced that the United Kingdom and the United States have reached a full trade transaction that has reached the “conditions” and “substantive” steps.
• Another main trigger for the Forex markets is US and Chinese trade discussions, which have been approved on Saturday in Switzerland. Participants in the financial market hope that the meeting will be in the negotiations of the Trade War escalation rather than transactions. “My idea is that it concerns escalation, not a major trade deal,” said Scott Besent, Secretary of the US Treasury on Tuesday.

Technical Analysis: Pound sterling recovers over 1.3300

Pound pound sterling pushes its original sales and rebound over 1.3300 US dollar Thursday. Universal outlook The pair remains bullish, as all short to long exponential moving medium (EMAS) are higher.

The 14-day relative strength index (RSI) slides between 40.00 and 60.00, indicating that the bullish momentum is over. However, bullish tilting remains intact.

From four, the three -year -old is the main obstacle of 1.3445 pairs. Looking down, the highest of April 3, about 1.3200, acts as the main support area.