- The US core PCE rose to 2.8%, strengthened the Fed’s inflation concerns, and limited close to 1,2967 GBP/USD.
- England beat retail sales forecasts and the economy increased by 0.1% in the 4th quarter and increased Sterling.
- The market focus is now in the US lock in terms of lock: ISM PMI, shakes and the important non -agricultural payroll report of the next week.
The Pound Sterling (GBP) remains intact, and Trump is around 1,2950 against the US Dollar (USD), due to the uncertainty of the rise of a potential trade war after Trump’s tariff to cars. During writing, GBP/USD exchange rate is 1,2948.
GBP/USD keeps the British data better and the fears of trade war are uncertain, despite the warmer core PCE and mixed thoughts
Personal consumption expenditures (PCE) published by the US Economic Analysis Bureau (BEA) did not change at 2.5% in February. The core PCE print, which was sought by the FED as its favorite inflation indicator, expanded 2.8% of 2.7% for the same period. Despite the preservation of the status quo, the inflation continues to move away from the Fed’s 2% target.
Recently, the Consumer Emotion Index of Michigan University slightly worsened and fell from 57.9 to 57.0 in the preliminary reading. US households have become pessimistic and expect prices to increase by 5% for a period of one year, while inflation expectations for five years rose from 3.9% to 4.1%. “The fall of this month reflects a clear unity of consensus in all demographic and political relations.”
In the pond, the United Kingdom (UK) retail sales fell compared to January in February, but exceeded the estimates of -0.3% of economists and rose with 1% moment. In addition, as expected by analysts, the economy grew by 0.1% until the end of 2024.
The data pushed the GBP/USD pair to the 1.2967 summit per day, but investors withdrew after digesting US figures.
Next week, the UK economic document continues. In the United States, traders of April 2 Trump’s tariffs announcement, ISM manufacturing PMI for March, business opening and non -agricultural payrolls.
GBP/USD Price Estimation: Technical View
GBP/USD is traded side by side on Friday without a significant prejudice on the weekend, but a day close to the 1.3000 figures can lead to further upwards. This is due to the fact that recipients prevent the bears from pulling the exchange rate below 1,2900 and prevent the couple from test the 200 -day simple moving average (SMA) 1.2802.
However, the bulls do not come out of the forest. Although the relative power index (RSI) increases, it shows that they lose some vapor after withdrawing from the excessive receiver.
This week British Pound Price
The following table shows the percentage of percentage of the British Pound (GBP) against large currencies listed this week. The British Pound was the most powerful against Japanese Yen.
| USD | EUR | Gbp | JPY | Cad | Volume | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.21% | -0.33% | 0.51 % | -0.48% | -0.48% | 0.02 % | -0.28% | |
| EUR | 0.21 % | -0.23% | 0.20 % | -0.22% | -0.30% | 0.29 % | -0.02% | |
| Gbp | 0.33 % | 0.23 % | 0.84 % | -0.62% | -0.09% | 0.52 % | 0.11 % | |
| JPY | -0.51% | -0.20% | -0.84% | -0.98% | -1.01 % | -0.46% | -0.79% | |
| Cad | 0.48 % | 0.22 % | 0.62 % | 0.98 % | 0.05 % | 0.50 % | 0.21 % | |
| Volume | 0.48 % | 0.30 % | 0.09 % | 1.01 % | -0.05% | 0.58 % | 0.28 % | |
| Nzd | -0.02% | -0.29% | -0.52% | 0.46 % | -0.50% | -0.58% | -0.23% | |
| Chf | 0.28 % | 0.02 % | -0.11% | 0.79 % | -0.21% | -0.28% | 0.23 % |
The heat map shows the percentage of the major currencies to each other. When the bid currency is selected from the top row, the base currency is selected from the left column. For example, if you choose the British pound from the left column and move it to the US dollar along the horizontal line, the percentage amendment displayed in the box will represent GBP (Base)/USD (quote).
