- GBP/USD maintains the gains last week after the UK’s GDP data.
- Catherine Man from BOE refers to the transformation of Duvish, weighing the feeling.
- Eye traders in the United Kingdom, inflation data; Fed and FODC amplifiers minutes ago.
The pound sterling (GBP) recorded modest gains against US dollar (USD) on Monday in thin Liquidity Trade due to the observance of the American President’s Day. At the time of this report, the GBP/USD pair exchanged shy hands from 1.2600, an increase of 0.05 %.
Steling steadies, but Dovish Boe Tilt has behead
The cable maintained its profits from last week, after the GDP numbers (GDP) is better than expected for the last quarter of 2024. However, a member of the Bank of England can tend (BOE) GBP/USD pair Pay it down.
newly, Bi Governor Andrew Billy repeated that inflation was slowing down and added that the expected increase in prices will be short -term. Traders are looking to issue labor market data in the United Kingdom on Tuesday, followed by inflation numbers, with Consumer price index (CPI) is expected to increase from 2.5 % to 2.8 %.
Regardless of this, Philadelphia, who nourishes Patrick Harker, said that the situation of the economy calls for a fixed policy of the rate and monetary policy in a good place. He added that inflation was high and was a stick for recent months and that the federal reserve policy position should continue to decrease inflation.
The American economic list will be shown more feeding Speakers, housing data, the latest FOMC meetings, primary unemployment demands, and PMIS Global Flash Global.
GBP/USD price expectations: Technical expectations
Looking at the basic background, the GBP/USD returns, as momentum prefers bullish as the RSI indicator (RSI) remains bullish. However, the pair remains less than the peak last Friday of 1.2629, with buyers’ inability to break the latter, and if the sellers pay the exchange rate to less than 1.2600, then the negative side is another.
The main support levels will be the height of February 5, which turned into support at 1.2549, followed by the simple moving average for 50 days (SMA) at 1.2468. On the contrary, if the GBP/USD wiped the highest level on February 14 at 1.2629, the pair may aim to SMA for 100 days at 1.2686, before SMA for 200 days at 1.2786.
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 Swiss franc.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.13 % | -05 % | -53 % | 0.06 % | -0.24 % | -0.28 % | 0.13 % | |
| euro | -0.13 % | -02 % | -0.71 % | 0.04 % | -0.28 % | -0.31 % | 0.10 % | |
| GBP | 0.05 % | 0.02 % | -57 % | 0.06 % | -0.20 % | -0.29 % | 0.13 % | |
| JPY | 0.53 % | 0.71 % | 0.57 % | 0.59 % | 0.32 % | 0.46 % | 0.64 % | |
| CAD | -06 % | -04 % | -06 % | -59 % | -0.28 % | -0.34 % | 0.07 % | |
| Aud | 0.24 % | 0.28 % | 0.20 % | -0.32 % | 0.28 % | -0.03 % | 0.39 % | |
| Nzd | 0.28 % | 0.31 % | 0.29 % | -0.46 % | 0.34 % | 0.03 % | 0.42 % | |
| Chf | -0.13 % | -0.10 % | -0.13 % | -64 % | -07 % | -0.39 % | -0.42 % |
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).
2025-02-17 15:25:00