- The British pound decreases, as Boy Billy confirms that the central bank must bear the commercial risks of growth seriously.
- US Treasury Secretary Bessint hopes to decrease additional definitions by both the United States and China on each other.
- Investors are waiting for permanent commodity orders in the United States and retail sales data in the United Kingdom for the month of March.
The British pound (GBP) falls against its peers, with the exception of North America’s currencies, on Thursday. The British currency faces pressure as investors turn into caution against the economic expectations of the UK (UK) in the face of definitions announced by US President Donald Trump earlier this month.
The Governor of Bank of England (Bank of England) Andrew Billy expressed his fears of economic growth and stressed the need to consider the risks of the trade war. “We have to face a very risky risk to growth,” Pelly said on the sidelines of the Spring Spring Spring Fund (IMF) at the International Monetary Fund on Wednesday. At the May Policy meeting, traders are increasingly confident that the Bank of England will reduce interest rates by 25 BPS to 4.25 %.
For the remaining year, the International Monetary Fund expected three discounts in interest rates by the Bank of England and revised the growth of GDP in the United Kingdom (GDP) from 2025 to 1.1 % of 1.6 % expected earlier amid fears of global repercussions due to Trump’s international policies, according to BBC News.
On the Economic Front, investors will focus on retail sales data in the United Kingdom (UK) for the month of March, which will be issued on Friday. Retail sales data, a main measure of consumer spending, is expected to decrease 0.4 % over a month after a 1 % increase in February. In the year, it is estimated that the consumer spending scale has increased at a moderate rate of 1.8 % compared to the previous version of 2.2 %.
British pound price today
The table below shows the percentage of change in the British pound (GBP) against the main currencies listed today. The British pound was the strongest against the US dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -61 % | -0.41 % | -0.70 % | -0.24 % | -0.42 % | -57 % | -67 % | |
| euro | 0.61 % | 0.20 % | -11 % | 0.37 % | 0.17 % | 0.03 % | -06 % | |
| GBP | 0.41 % | -0.20 % | -0.28 % | 0.17 % | -01 % | -16 % | -26 % | |
| JPY | 0.70 % | 0.11 % | 0.28 % | 0.45 % | 0.29 % | 0.09 % | 0.07 % | |
| CAD | 0.24 % | -37 % | -0.17 % | -0.45 % | -0.15 % | -0.33 % | -0.43 % | |
| Aud | 0.42 % | -0.17 % | 0.01 % | -0.29 % | 0.15 % | -0.15 % | -0.25 % | |
| Nzd | 0.57 % | -0.03 % | 0.16 % | -0.09 % | 0.33 % | 0.15 % | -0.10 % | |
| Chf | 0.67 % | 0.06 % | 0.26 % | -07 % | 0.43 % | 0.25 % | 0.10 % |
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).
Daily Digest Market Movers: Bound Steling recovers against the US dollar
- The pound bounces to nearly 1,3300 against the US dollar (US dollar) at the European session on Thursday. The GBP/USD husband returns after a two -day correction, as he struggles with the US dollar to extend the recovery with the United States The dollar index (DXY), which tracks the value of Greenback for six main currencies, facing pressure near the psychological level of 100.00.
- The US dollar index recovered strongly earlier this week after the US President (United States), Donald Trump, retreated from the threats of the federal reserve dismissal (Federal Reserve) Jerome Powell And reduce his position on trade relations with China.
- US President Trump explained on Tuesday that he had no intention to launch Jerome Powell. Investors threw the US dollar and US assets in the past few days trading due to a series of verbal attacks from Trump on the independence of the Federal Reserve for not supporting the expansion of monetary policy. This prompted investors to reassess the state of “safe infiltration” of the US dollar.
- Meanwhile, the decrease in fears of an intense trade war between the United States and China has also strengthened the US dollar’s request. On Tuesday, Donald Trump indicated that “discussions with Beijing are going well” and expressed confidence that “they will reach a deal.”
- The hopes of not escalating the relationship between the United States and China got an additional boost, as indicated Both countries will reduce the recently imposed tariffs. None of the two sides believe that these are “sustainable levels”, “ Pesin said.
- On the Economic Front, investors are waiting for the data of the American goods orders for the month of March, which will be published at 12:30 GMT. It is expected that the cost of requests that the manufacturers receive for durable commodities will grow at a strong pace of 2 % compared to an increase of 1 % seen in February.
Technical Analysis: The British pound bounces from 1.3240
Pound sterling It recovers nearly 1,3300 against the US dollar during European trading hours on Wednesday. the Expectations The pair is still fixed because all of the long to long -to -long authentic averages exceed their height.
The relative strength index cools for 14 days (RSI) to approximately 65.00 after its purchase has turned. This indicates a light correction in the husband after a strong gathering, but the upper trend is sound.
On the upper side, the psychological level of 1.3500 will be the main obstacles to the husband. Looking down, the height of April 3 is about 1.3200 will serve as a major support field.
Economic indicator
Retail sales (mom)
Retail sales data issued by the office to National statistics On a monthly basis, the volume of goods sales by retailers in Great Britain is measured directly to finish customers. Changes in retail sales are widely followed as an indicator of consumer spending. Changes in the percentage reflect the rate of changes in such sales, as my mother compares sales sizes in the reference month with the previous month. In general, high reading is seen as bullies for the pound sterling (GBP), while low reading is seen as declining.
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