- Starmer is paid in the UK for economic partnership with the United States to overcome tariffs by 10 %.
- Trump, definition hints are the influence of new deals. Pisent says negotiations are ongoing and raising feelings of risk.
- Traders are waiting for GDP data in the United Kingdom and the minute of the Federal Reserve Bank; Dressing American inflation can revive the strength of the dollar and weighs on GBP.
The British pound regains some Earth against Greenback on Tuesday, as it rose 0.34 % amid renewable hopes that the customs tariff be used already as negotiating tools, as US President Donald Trump said that “many countries that come to negotiate with us.” At the time of writing this report, GBP/USD is traded at 1.2756 after a daily cities bounced around 1.2700.
The British pound rises by 0.34 % of the shoulders about the commercial talks of the United States of America and reduce the dollar support in the short term
The hopes that US Treasury Secretary, Scott Payette, will improve the markets, which supports global stocks, while the US dollar has declined somewhat.
UK Prime Minister Kiir Starmer said on Monday that they could secure an economic partnership with the United States to avoid the 10 % definitions imposed on British exports to the United States.
Meanwhile, the UK’s economic schedule shines with merchants looking to launch the total local product numbers in February by the end of the week. Money Market Traders expect the Bank of England to reduce interest rates by 25 basis points in May, where market participants estimate 75 basis points of mitigation at the end of 2025.
Through the blessing, Trif News earns the headlines before issuing the latest records of monetary policy meetings in the Federal Reserve (Fed). After that, merchants will focus on consumer and producers’ price enlargement numbers, which are expected to decrease. The highest readings will be an unwanted surprise for investors, prompting Greenback up, due to inflationary pressures.
GBP/USD price expectations: Technical expectations
GBP/USD is likely to be traded in a side for at least two days, as participants are waiting for American inflation and gross domestic product data. The range is determined by the simple moving average for 50 days (SMA) at the bottom at 1.2736, while SMA sits for 200 days above the instant price at 1.2811.
In the case of a declining appeal, the first support will be 1.2700, followed by SMA for 100 days at 1.2628. On the contrary, if the bulls move and claim SMA for 200 days, it may be 1.2900 to seize.
British pound price this week
The table below shows the percentage of change in the British pound (GBP) against the main currencies listed this week. The British pound was the strongest against the Swiss franc.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.45 % | 0.97 % | 0.96 % | -0.33 % | 0.40 % | 0.00 % | 0.19 % | |
| euro | -0.45 % | 0.80 % | 1.14 % | -0.15 % | -11 % | 0.22 % | 0.35 % | |
| GBP | -0.97 % | -0.80 % | -0.96 % | -0.93 % | -0.91 % | -58 % | -0.44 % | |
| JPY | -0.96 % | 1.14 % | 0.96 % | -1.27 % | 0.39 % | 0.31 % | -0.44 % | |
| CAD | 0.33 % | 0.15 % | 0.93 % | 1.27 % | 0.38 % | 0.37 % | 0.24 % | |
| Aud | -0.40 % | 0.11 % | 0.91 % | -0.39 % | -0.38 % | 0.33 % | 0.48 % | |
| Nzd | -01 % | -0.22 % | 0.58 % | -0.31 % | -37 % | -0.33 % | 0.14 % | |
| Chf | -0.19 % | -0.35 % | 0.44 % | 0.44 % | -0.24 % | -0.48 % | -0.14 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the British pound from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent the GBP (Base)/USD (quotation).
