Pound pound sterling stores mixed in the middle of the holiday in the UK markets, in the focus of Fed-Boe policy

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Nael Sterling Bird compared to the US dollar at the beginning of Fed-Boe monetary announcements on Wednesday and Thursday.
Fed is expected to leave interest rates firmly, while Boe almost reduces loan costs by 25 BPS.
The uncertainty of US-China trade is expected to be longer.

The pound pound sterling (GBP) is mixed in the flowering trade of the holidays, as the UK markets (UK) are closed at the beginning of the week at the beginning of the week. Investors support significant volatility in the UK's currency this week, as the English Bank (Boe) is planning to announce the interest rate on Thursday.

According to analysts by Bank of America (BOFA), BOE's loan rates are reduced by 25 base points (BPS) to 4.25%, with a majority of 8-1. Bofa hopes that Swati Djrara, a member of the Monetary Policy Committee (MPC), will vote in favor of 50 BPS in favor of a normal interest rate.

Bofa also believes that the potential economic risks in the background of Trump's tariffs, in improving domestic inflation and the decline in energy costs are justified by the reduction. During the rest of the year, the bank has thought that Boe could twice the interest rates, except for cutting interest rates on Thursday.

On the global front, permanent uncertainty about US-China's trade relations keeps British currency and UK assets under pressure. US President Trump's comments over the weekend showed that the Sino-US trade war would not resolve in the near future. Trump said on Sunday that he was not going to talk to Chinese President Xi Jinping this week, but announced that higher tariffs from Beijing's imports would decrease. ”At some point I intend to lower them because otherwise you could never do business with them and they want to do a lot of business“He said.

British pound price today

The table below shows a British pound (GBP) percentage of major currencies listed today. The British pound was the strongest against the US dollar.

	Dollar	EUR	Gbp	Jpy	Kadi	Audio	Nzd	Chf
Dollar		-0.17%	-0.46%	-0.59%	-0.04%	-0.56%	-0.65%	-0.36%
EUR	0.17%		-0.02%	-0.16%	0.39%	-0.13%	-0.21%	0.08%
Gbp	0.46%	0.02%		-0.36%	0.41%	-0.09%	-0.20%	0.10%
Jpy	0.59%	0.16%	0.36%		0.56%	0.04%	0.02%	0.34%
Kadi	0.04%	-0.39%	-0.41%	-0.56%		-0.82%	-0.61%	-0.32%
Audio	0.56%	0.13%	0.09%	-0.04%	0.82%		-0.09%	0.21%
Nzd	0.65%	0.21%	0.20%	-0.02%	0.61%	0.09%		0.28%
Chf	0.36%	-0.08%	-0.10%	-0.34%	0.32%	-0.21%	-0.28%

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).

Daily Digest Market Movers: Pound sterling rises against the US dollar

Nael Sterling marks up to 1.3285 against the US dollar (USD) at European trading hours, recovering from the lowest weekly low -low week to about 1.3260 earlier. Its GBP/USD The edges of the pair are higher because the US Dollar (USD) is on the face of pressure before the Federal Reserve (FED) monetary policy decision announced on Wednesday.
According to the CME Fedwatch tool, the markets are almost completely in that the central bank keeps interest rates stable between 4.25%-4.50%. Therefore, the main trigger of the US dollar is FED and its chairman's monetary policy guidance Jerome Powellfor the rest of the year.
Fed officials have said that customizing monetary policy will only be appropriate if they see cracks in the labor market and the economy. Recent United States (US) Non -agricultural payroll April data showed that job growth is better than expected, despite President Donald Trump's tariff policy. In addition, Q1's gross domestic product (GDP) was not as bad as at first glance, as the contraction was due to the strong increase in imports.
Another main limiting factor to lower interest rates is elevated Expectations of consumer inflationTo. Owners of the company hike sales prices to make up for the increasing impact of the importance of import duties by promoting economic price pressure.
In the meantime, US President Trump has demanded that Fed should reduce interest rates. “Petrol just broke $ 1.98 in the gallon that is the lowest of the years, the groceries (and the eggs!) Lower, the energy downwards, the mortgages of the mortgages, the employment strong and much more good newsWhen billions of dollars pour tariffs. As I said, and we are only at the transition phase, just start !!! Consumers have been waiting for years that pricing will fall. No inflation, Fed should lower its rate !!! “Trump wrote the truth in the post. Social Friday.
Trump has also rejected fear of the attack, explaining that he does not come to the chairman Powell. “No, no, no. It was together – why would I do it? I can replace a person in a short period of time,” Trump said in an interview with NBC News on Sunday, Reuters said.

Technical Analysis: Pound sterling has all short-term mother

On Monday, Nael Sterling trades just over a weekly lowest level of 1.3260 on Monday. The couple improved the three -year -old highest highest highest highest highest highest highest highest highest highest highest highest highest highest highest highest highest highest highest. The overall prospect is still bullish, as all short to long exponential moving average (EMAS) are higher.

The 14-day relative strength index (RSI) tries to return over 60.00. Fresh bullish momentum will start if RSI succeeds.

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.

Economic indicator

Boe interest rate decision

Its The English bank (Boe) announces his interest rate on the end of eight planned meetings per year. If Boe is in terms of economic prospects of economic inflation and raises interest rates, it is usually bullish for a pound pound (GBP). Also, if Boe adopts a reference to the UK economy and keeps interest rates unchanged or cuts, it is considered a bear for the GBP.