- The GBP/USD stopped Thursday, stagnant about 1,3400.
- Retail sales of the United Kingdom in the sights for Friday, investors expect a third consecutive fall.
- Cable markets are losing impulse after reaching new maximums of several years this week.
The GBP/USD remained stable on Thursday, marking a adjusted circle right north of the 1,3400 zone while the feeling of the global market suffers side effects of a recent wave of concern that affected the yields of the treasure this week. Investors focus on the growing debt problems in the United States (USA), which are about to receive a new injection (in the wrong address) as the fiscal and budgetary bill “large and beautiful” by President Donald Trump advances in Congress.
Retail sales from the United Kingdom (and not much more) on Friday’s agenda
Retail sales of the United Kingdom (United Kingdom) are ahead of the last post key publication this week. Retail sales from the United Kingdom are expected to show a third consecutive monthly fall, with medium -sized market forecasts prepared for a 0.2% MOM drop from 0.4% in March. Annualized retail sales are expected to jump to 4.5% yoy from 2.6%, but the operators of the sterling pound will be more attentive to the deceleration at the front end of the curve.
The markets on both sides of the Pacific will be closing the negotiation week on Friday, entering a long weekend. Banks, corridors and bags will be closed on Monday due to two festivities: Spring day in the United Kingdom and the day of the fallen in the US. The economic calendar of next week is also remarkably scarce on the side of the sterling pound, leaving the operators of the cable at mercy of any change in the general feeling of the market.
GBP/USD price forecast
In general, the pound sterling has had a great performance in 2025, rising 11.3% from the minimum of several months in mid -January in the 1,2100 zone. The cable has completely reversed the losses of the last quarter of 2024, rising to maximum of several years about 1,3450 this week.
In the short term, the bullish impulse has been exhausted in the GBP/USD graph; The intra -price action has been trapped in a adjusted consolidation pattern, and although the torque seems to be prepared for a breakout breakout, there may not be enough remaining purchase strength in the barrel to boost cable prices above 1,3440 before intra -intradicate prices go back to the exponential mobile (EMA) average of 200 hours about 1,3355.
(TrainingView currency heat map, 1D time frame)
GBP/USD daily graphics
1 hour GBP/USD
LIBRA ESTERLINA FAQS
The sterling pound (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most commercialized currency exchange unit (FX) in the world, representing 12% of all transactions, with an average of $ 630 billion a day, according to data from 2022. Its key commercial peers are GBP/USD, which represents 11% of FX, GBP/JPY (3%) and EUR/GBP (2%). The sterling pound is issued by the Bank of England (BOE).
The most important factor that influences the value of sterling pound is the monetary policy decided by the Bank of England. The Bank of England bases its decisions itself has achieved its main objective of “price stability”: a constant inflation rate of around 2%. Its main tool to achieve this is the adjustment of interest rates. When inflation is too high, the Bank of England will try to control it by raising interest rates, which makes access to credit for people and companies more expensive. This is generally positive for sterling pound, since higher interest rates make the United Kingdom a more attractive place for global investors to invest their money. When inflation falls too much it is a sign that economic growth is slowing down. In this scenario, the Bank of England will consider lowering interest rates to reduce credit, so that companies will borrow more to invest in projects that generate growth.
Published data measure the health of the economy and can affect the value of sterling pound. Indicators such as GDP, manufacturing and services PMI and employment can influence the direction of the sterling pound.
Another important fact that is published and affects the pound sterling is the commercial balance. This indicator measures the difference between what a country earns with its exports and what you spend on imports during a given period. If a country produces highly demanded export products, its currency will benefit exclusively from the additional demand created by foreign buyers seeking to buy those goods. Therefore, a positive net trade balance strengthens a currency and vice versa in the case of a negative balance
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
