- The GBP/USD increased by another 0.3 % on Monday, with a fifth consecutive profit.
- Global markets have been traded on an easy note with Market Us Dark for a vacation.
- The main wages in the UK and employment data in the barrel on Tuesday.
GBP/USD His way was circulated to a fifth consecutive profit on Monday, where nearly a third of one percent climbed and crossed again on a handle of 1.2600. The money market flows are restricted to start the new trading week with US Market Dark for the President’s Day holiday.
The average UK profit for the three months ends in December is expected to be higher on Tuesday. The main number of both or without specific bonuses is expected to be printed at 5.9 %, compared to the previous print of 5.6 %. It is expected that the number of claims in the United Kingdom for the month of January to the top to 10,000 seekers of new unemployment are swinging throughout the month, compared to the previous printing of 0.7 thousand. The unemployment rate is also expected to rise to 4.5 % from 4.4 %.
The printing of the main American data this week will be the minutes of the meeting coming from the latest Federal Reserve for the Federal Reserve, on Wednesday. The results of the American Procurement Managers Index (PMI) is due this week, but not until Friday.
GBP/USD price expectations
GBP/USD organized another profit inside today, Monday, with the closure of the north of the 1.2600 handle for the first time in mid -December. The husband crushes its way steadily, but the procedures that are still in prices are still covered in the south of the 200 -day SIA moving average (EMA) near 1.2660.
The cabinet offers raised the pair from the last swing to 1.2100 in January, and the current running Bull 4.4 % added to the GBP/USD. However, the upscale feelings prove that they are a volatile monster, and the latest new shots from a loud congestion period kept the cable bids fighting around the handle of 1.2400.
GBP/USD
Stering questions and answers to the pound
The British pound (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most trading of foreign unit (FX) in the world, as it represents 12 % of all transactions, with an average of 630 billion dollars a day, according to 2022 data. Their main trading pairs are GBP/USD, also known as “Cable”, Which represents 11 % of FX, GBP/JPY, or “dragon” as is known by merchants (3 %), and EUR/GBP (2 GBP (2 %). The pound sterling was released by the Bank of England (Bank of England).
The only most important factor that affects the value of the British pound is the monetary policy decided by the Bank of England. The Bank of England is based on its decisions on whether it has achieved its primary goal of “stability in prices” – a fixed inflation rate of about 2 %. Its primary performance to achieve this is to adjust interest rates. When inflation is very high, the Bank of England will try to make interest by raising interest rates, making it more expensive for people and companies to reach credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to stop their money. When inflation decreases significantly, economic growth slows down. In this scenario, the Bank of England will consider reducing interest rates to licensing credit so that companies borrow more to invest in growth generation projects.
Data affects the health of the economy and can affect the value of the pound sterling. Indicators such as gross domestic product, manufacturing, services, and employment can affect the GBP direction. The strong economy is useful for sterling. Not only attracts more foreign investments, but it may encourage the Bank of England to set interest rates, which will enhance the GBP directly. Otherwise, if the economic data is weak, it is possible that the pound sterling will fall.
Issuing another important data for the British pound is the balance of trade. This indicator measures the difference between what a country gains from its exports and what it spends on imports during a certain period. If a country produces very desirable exports, its currency will benefit from the additional demand created from foreign buyers who seek to buy these goods. Therefore, the positive and positive trade balance enhances the currency and vice versa to achieve a negative balance.
2025-02-17 23:11:58
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