- Sterling drops 0.29% after YTD height has benefited.
- US JOLTS and CB trusts skip the forecasts, facilitating speculation of fed interest rates.
- Traders Braces USA Q1 GDP Exhaust, Fed design key.
The pound pound sterling (GBP) is depreciated with the US dollar (USD) and falls after the highest testing of the highest test (YTD) for a year of 1,3443. However, it does not stay above 1.34 as it prolongs its damage. During this writing, GBP/USD Goods 1.3379, less than 0.29%.
GBP/USD retreats to 1,3379 as a weaker US labor, confidence indicators interfere with the rate but increase dollar demand
Investors' trust has improved, as the US Treasury's yield fell after the release of worse data, which may justify the easier policy of the Federal Reserve.
In March, data from the US Job labor force and turnover study (Jolts) fell to the lowest level from September, which shows weaker labor demand. The numbers fell last month from 7.48 million to 7.192 million, which is less than 7.5 million. At the same time, the Conference Board (CB) fell to the lowest level of nearly five years in April, from 93.9 to 86.0, which is less than 87.5 forecasts.
In the meantime, some reports from Washington revealed that the Trump administration could reduce tariffs related to automotive industry. However, the US-China Trade War may continue to influence the opinion of traders.
Last week, retail sales of the United Kingdom (UK) showed that household expenses are still certain. However, the weaker PM figures than expected showed that companies are still uncertain about US trade policy.
This week, traders will still be watching the gross domestic product (GDP) on Wednesday. The average projected the US economy in 0.4% in the second quarter 2025.
GBP/USD price forecast: technical outlook
GBP/USD continues to fight to find acceptance over 1.34 as the couple climbed out of the last but failed to strengthen their income. The couple fell to 1,3390 and if the buyers did not print more than 1.34 a day, a 20-day simple moving average (SMA) reversal and challenge of 1.3303 can be expected.
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 of the new -sea to the dollar.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | -0.26% | -0.60% | -0.94% | -0.09% | 0.20% | 0.32% | -0.69% | |
| EUR | 0.26% | -0.39% | -0.70% | 0.15% | 0.37% | 0.58% | -0.45% | |
| Gbp | 0.60% | 0.39% | -0.32% | 0.57% | 0.75% | 0.97% | -0.04% | |
| Jpy | 0.94% | 0.70% | 0.32% | 0.89% | 1.19% | -0.13% | 0.55% | |
| Kadi | 0.09% | -0.15% | -0.57% | -0.89% | 0.17% | 0.41% | -0.59% | |
| Audio | -0.20% | -0.37% | -0.75% | -1.19% | -0.17% | 0.22% | -0.80% | |
| Nzd | -0.32% | -0.58% | -0.97% | 0.13% | -0.41% | -0.22% | -1.01% | |
| Chf | 0.69% | 0.45% | 0.04% | -0.55% | 0.59% | 0.80% | 1.01% |
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).
