- GBP/USD decreases 0.21 % with Trump tariff threats to order in the safe term.
- CPI jumps in the UK to 3 %, and it exceeds predictions, but the Boe dilution path remains intact.
- FOMC minutes of focus where Fed indicates any rush to reduce prices.
The pound fell to less than 1.2600 during the North American session, where housing data in the United States were mixed, while inflation in the UK has reached its highest level since March 2024. Nevertheless, GBP/USD is trading at 1.2585, decreasing 0.21 %.
The pound weakens despite the increase in inflation in the United Kingdom, as the federal reserve position limits the upper direction
The appetite of the risks motivated the demand for Haven’s origins such as Greenback after US President Donald Trump threatened to apply a tariff to cars on cars, pharmaceutical preparations, and chips. Meanwhile, housing began in the United States in January due to weather disorders, as it decreased from 1.515 million to 1.366 million, or 9.6 %.
The American Statistical Office revealed that American construction permits improved for the same period, as the numbers increased from 1.482 million to 1.483 million, an increase of 0.1 %.
Regardless of this, investors are awaiting the issuance of the latest monetary policy meeting in the FOOC Open Market Committee (FOMC). At the last meeting, the Federal Reserve modified its language and removed the progress made in inflation, focusing on “it is still a fairly high”, a slight tilt of falcons. Since then, most officials have committed to a more neutral position that the central bank is not in a hurry to reduce policy.
This prefers more GBP/USD on the negative side as the difference in the interest rate between the United Kingdom and the United States decreased, with BOE reduction Rates Earlier this month.
However, during the European session, the United Kingdom Consumer price index (CPI) increased by 3 % in January, as economists’ expectations exceeded 2.8 %. The National Statistics Office (ONS) blamed the jump in inflation for a smaller decrease than expected to travel and gasoline prices.
Looking at the basic background, GBP/USD may merge. The increase in wage growth and inflation numbers will be difficult for BiWhich was embarked on a dilution cycle. However, the minimum wage of 7 % of the scheduled to start in April, and the economic slowdown draws the recession for the United Kingdom.
GBP/USD: Technical expectations
the GBP/USD Less than 1.2600 decreased after the issuance of US economic data. With the deterioration of the appetite of the risk, Greenback climbs, and the pair strikes the lowest level for three days at 1.2578. Although the RSI Index is still upward, buyers have lost a step, as the relative strength index aims. However, if the pair decreases from the highest level on February 5 at 1.2549, the simple moving average test for 50 days (SMA) at 1.2463 is on the cards.
On the other hand, buyers can restore 1.2600 to challenge the peak of the year to date at 1.2639.
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 Canadian dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.13 % | 0.12 % | -0.47 % | 0.14 % | 0.07 % | -0.14 % | -07 % | |
| euro | -0.13 % | -01 % | -0.60 % | 0.00 % | -0.03 % | -0.27 % | -0.20 % | |
| GBP | -0.12 % | 0.00 % | -59 % | 0.02 % | -05 % | -0.27 % | -0.19 % | |
| JPY | 0.47 % | 0.60 % | 0.59 % | 0.59 % | 0.53 % | 0.30 % | 0.39 % | |
| CAD | -0.14 % | -01 % | -02 % | -59 % | -06 % | -0.28 % | -0.21 % | |
| Aud | -07 % | 0.03 % | 0.05 % | -53 % | 0.06 % | -0.22 % | -0.14 % | |
| Nzd | 0.14 % | 0.27 % | 0.27 % | -0.30 % | 0.28 % | 0.22 % | 0.08 % | |
| Chf | 0.07 % | 0.20 % | 0.19 % | -0.39 % | 0.21 % | 0.14 % | -08 % |
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).
2025-02-19 15:00:52