- Boe reduces with a divided voice to 4.25%; The two members did not support any changes considered as a Hawk signal.
- Trump and Starmer announce a US-UK trade transaction by increasing the GBP/USD despite compliance with our unemployed requirements.
- Fed is likely to stay on hold as Powell quotes two powers; The requirements of the unemployed fall to 228k.
Nael Sterling rose during the North American session after the Bank of England (Boe) reduced the cost of lending at 7-2 votes, with two members voting unchanged. US positive jobs could not push Greenback, while the trade transaction between the US and the United Kingdom is the GBP/USD Ranking Wind, which trades with 1.3300, which is 0.15%.
GBP/USD rises after Boe's three-way voice gives caution and the Trump-Star Pact adds bullish to the tail wind
On Thursday, Boe reduced, as thought, to 4.25%, when it was considered a pike section due to a three-way vote, with two members voting for 50-basin points, five 25-basin points and two to keep interest rates 4.50%.
It pushed the cable higher, although the message of the US and the United Kingdom was supported by GBP/USD, remaining over 1.33 handle.
Recently, US President Donald Trump and British Prime Minister Keir Starmer made a speech during which they praised each other for the achievement of a transaction that would be beneficial to both countries.
“It opens a huge market for us,” Trump said of the contract.
In addition, the number of Americans was submitted to the unemployment requirements, as the US Ministry of Labor said. Preliminary unemployed requirements of the week ended on May 3, compared to 230,000 and less than the previous example of 241,000.
The data justified the decision of the Federal Reserve (FED) to keep tariffs on Wednesday, despite Fed manager Jerome Powell, which claimed that the duality of employment and price stability mandate risks have increased. Today's job data indicates that the central bank may continue to hold prices and wait for inflation to be under the threshold of 2% or mainly due to tariffs.
GBP/USD price forecast: technical outlook
The GBP/USD rise is in doubt as the price action represents three consecutive days that have reached the lower and lower lowest lowest – the indication that buyers lose steam. Tomenties, such as the Relative Strength Index (RSI) at 58.14, reached the lowest level from mid -April, which shows that sellers enter.
GBP/USD must delete the number of 1.3400 to continue bullish. The latest violation reveals the highest 1,3443 of the year (YTD), followed by 1.3500. On the other hand, a drop of less than 1.3300 was able to delete 1.3250 tests, followed by 1.3200.
British pound price this week
The table below shows the percentage of the British pound (GBP) about the main currencies listed this week. The British pound was the strongest against the Canadian dollar.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | 0.65% | -0.22% | 0.44% | 0.75% | 0.52% | 0.37% | 0.27% | |
| EUR | -0.65% | -0.59% | 0.05% | 0.36% | 0.14% | -0.01% | -0.12% | |
| Gbp | 0.22% | 0.59% | 0.42% | 0.95% | 0.74% | 0.59% | 0.48% | |
| Jpy | -0.44% | -0.05% | -0.42% | 0.31% | 0.09% | 0.02% | -0.06% | |
| Kadi | -0.75% | -0.36% | -0.95% | -0.31% | -0.51% | -0.37% | -0.48% | |
| Audio | -0.52% | -0.14% | -0.74% | -0.09% | 0.51% | -0.16% | -0.26% | |
| Nzd | -0.37% | 0.00% | -0.59% | -0.02% | 0.37% | 0.16% | -0.12% | |
| Chf | -0.27% | 0.12% | -0.48% | 0.06% | 0.48% | 0.26% | 0.12% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose a British pound from the left column and move the horizontal line to the US dollar, the percentage change in the box marks the GBP (base)/USD (quote).
