- The British pound rises to approximately 1.2970 against the US dollar, as investors focus on the Fed-BOE policy and employment data in the United Kingdom.
- US officials, including President Donald Trump, expect economic turmoil from new policies.
- The British economy contracted 0.1 % and the factory data decreased dramatically in January.
The pound sterling (GBP) jumps to approximately 1.2970 against the US dollar (USD) at the beginning of the week. The GBP/USD pair rises with a decrease in the US dollar index, which tracks the value of Greenback compared to six main currencies, to nearly 103.50. The US dollar index weakens while investors are waiting for the decision of monetary policy from the Federal Reserve (Fed) and England Bank (BOE), which will be announced on Wednesday and Thursday, respectively. It is expected that the Federal Reserve and Benokio are expected to keep the interest rates fixed.
According to the Fedwatch CME tool, the Federal Reserve Certainly maintains fixed borrowing rates in the range of 4.25 % -4.50 %. This will be the second consecutive meeting of the policy in which the central bank will leave interest rates unchanged. Traders were increasingly confident in the federal reserve to maintain the current situation on Wednesday, as officials were arguing in favor of preserving the “waiting and see” approach amid uncertainty about economic expectations under the leadership of US President Donald Trump.
Market participants expect President Trump’s economic policies to increase inflation, and to weigh growth organisms in the short term. UNOM consumers in March on Friday showed that the respondents saw consumer inflation for five years by 3.9 %, up from 3.5 % in February. The initial consumer morale in Michigan came much lower at 57.9 in March compared to estimates 63.1 and the previous reading of 64.7.
A large number of US officials such as President Trump, Trade Minister Howard Lootnick and Treasury Secretary Scott Pisent have led Trump’s policies to lead to economic turmoil, but the transition will make America great again. “I can predict that we are setting strong policies that will be solid, and can there be an amendment,” Bisin said in an interview with NBC News on Sunday. His comments came after he asked the post by conducting the interview about whether Trump’s agenda could lead the economy to recession.
Mobers Daily Digest Market: The British pound trades with caution with the transformation of investors to focus into Fed-Boe’s critical policy
- The pound is trading with caution against its main peers during the trading hours in North America on Monday. The British currency is expected to remain on TENTERHOK, as investors are focusing on announcing the monetary policy at the Bank of England on Thursday. Traders are confident that the interest rates in the Bank of England are stable because a large number of officials have led the approach to reducing the “gradual and cautious” interest rate.
- Investors will pay close attention to the statement of monetary policy and the government of Andrew Andrew Billy, after the interest rate decision to obtain signals on economic and monetary policy expectations.
- The economic shrinkage of the United Kingdom’s GDP (United Kingdom) (GDP) and a sharp decline in industrial and industrial production data for January raised concerns about economic expectations. The Bank of England has also raised the half of GDP growth to 0.75 % at the February Policy meeting.
- This week, investors will also focus on the UK labor market data for a period of three months ending in January, which will be issued on Thursday as well. Investors will focus heavily on the average profit data, which is a main measure of wage growth, which is a major engine for inflation in the service sector.
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 Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.28 % | -26 % | -01 % | -0.41 % | -0.42 % | -0.94 % | -0.36 % | |
| euro | 0.28 % | -11 % | -0.13 % | -0.13 % | -0.28 % | -67 % | -11 % | |
| GBP | 0.26 % | 0.11 % | 0.31 % | -0.24 % | -0.19 % | -58 % | -08 % | |
| JPY | 0.01 % | 0.13 % | -0.31 % | -0.36 % | -58 % | -0.84 % | -0.44 % | |
| CAD | 0.41 % | 0.13 % | 0.24 % | 0.36 % | -0.21 % | -52 % | -0.50 % | |
| Aud | 0.42 % | 0.28 % | 0.19 % | 0.58 % | 0.21 % | -0.36 % | 0.21 % | |
| Nzd | 0.94 % | 0.67 % | 0.58 % | 0.84 % | 0.52 % | 0.36 % | 0.56 % | |
| Chf | 0.36 % | 0.11 % | 0.08 % | 0.44 % | 0.50 % | -0.21 % | -56 % |
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).
Technical Analysis: The sterling pound remains above 1.2950
The British pound moves higher and aims to restore the psychological level of 1.3,000 against the US dollar at the European session on Monday. The long -term view of the GBP/USD pair remains optimistic that it exceeds the 200 -day SIA moving average (EMA), which is about 1.2700.
The 24 -day relative index (RSI) is held above 60.00, indicating that the strong bullish momentum is sound.
Looking at the bottom, the fibo decreased by 50 % at 1.2775 and the Fibo alternative by 38.2 % at 1.2618 will serve as major support areas for the husband. On the upper side, the highest level on October 15 will be 1.3100 as a major resistance area.
Economic indicator
The interest rate decision at Boy Bank
the England Bank (BOE) announces the interest rate decision at the end of its eight meetings scheduled per year. If the Bank of England is a snaging around the inflationary view of the economy and raising interest rates, it is usually difficult for the pound sterling (GBP). Likewise, if the Bank of England adopts Duofish’s view of the British economy and keeps interest rates unchanged, or cuts them, it is considered a declining GBP.
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Next version: Thursday 20 March, 2025 11:00
repetition: irregular
consensus: 4.5 %
former: 4.5 %
source: England Bank
