- The US Treasury Secretary will meet with the Vice Prime Chinese Minister in Switzerland, raising the feeling of the market.
- The Fed is expected to keep the stable rates; The markets discount the first cut in July with two more by the end of the year.
- Commercial Pact United Kingdom-India finished; Speculation about a possible United Kingdom Agreement grows. in the midst of global changes in tariffs.
The sterling pound retreated after registering consecutive days of profits against the US dollar. However, the positive news related to a possible unwinding of the tensions between the US and China gave a lifeguard to the dollar, which remains firm in the first operations. At the time of writing, the GBP/USD quotes in 1,3360, practically unchanged.
GBP/USD remains close to 1,3360 while the tensions between the US and China are relieved, raising the dollar before the Fed decision and the BOE meeting
The appetite for the risk improved in the hope of relieving tensions between Beijing and Washington. The US Treasury Secretary, Scott Besent, said he would meet with a Chinese delegation led by the Vice Prime Minister He Lifeng in Switzerland this weekend.
The traders approach moved to the monetary policy decision of the US Federal Reserve (FED) at 18:00 GMT. Before the meeting, those responsible for the policy expressed that the policy is appropriate to balance the dual mandate of the Central Bank. Until now, Swaps markets had discounted the first trimming of interest rates of 25 basic points (PBS) for the July meeting, and expect two additional reductions towards the end of the year.
On the other side of the Atlantic, news arose on Tuesday that the United Kingdom and India had agreed a free trade pact, driven by the implementation of worldwide tariffs by the president of the USA, Donald Trump.
Analysts suggested that a commercial agreement between the US and the United Kingdom could be announced soon.
Apart from this, investors are attentive to the monetary policy decision of the Bank of England (BOE) on Thursday. The markets had discounted 94 PBs of relief, including 25 PBS on May 8.
GBP/USD price forecast: technical perspective
From a technical perspective, the GBP/USD was consolidated within the range of 1,3320 – 1,3400 during the last five days of negotiation amid the lack of a catalyst that could trigger a movement outside that area. A aggressive maintenance by the Fed could lead to the torque 1.33 and pave the way for a break below the latter.
In that case, the GBP/USD could prove the minimum daily of April 23, 1,3233 before 1,3200. With greater weakness, prices could fall to the simple mobile average (SMA) of 50 days in 1,3044.
On the contrary, if the GBP/USD rises above 1,3400, buyers could try the maximum of the year to date (YTD) in 1,3443, followed by 1,3450. Once these levels are exceeded, the next resistance will be 1,3500.
LIBRA ESTERLINA PRICE THIS WEEK
The lower table shows the percentage of sterling pound (GBP) compared to the main currencies this week. Libra sterling was the strongest currency against the US dollar.
USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.27% | -0.75% | -0.99% | -0.15% | -0.13% | -0.50% | -0.61% | |
EUR | 0.27% | -0.22% | -0.47% | 0.39% | 0.40% | 0.04% | -0.08% | |
GBP | 0.75% | 0.22% | -0.46% | 0.60% | 0.61% | 0.25% | 0.14% | |
JPY | 0.99% | 0.47% | 0.46% | 0.85% | 0.87% | 0.58% | 0.50% | |
CAD | 0.15% | -0.39% | -0.60% | -0.85% | -0.28% | -0.36% | -0.46% | |
Aud | 0.13% | -0.40% | -0.61% | -0.87% | 0.28% | -0.36% | -0.47% | |
NZD | 0.50% | -0.04% | -0.25% | -0.58% | 0.36% | 0.36% | -0.12% | |
CHF | 0.61% | 0.08% | -0.14% | -0.50% | 0.46% | 0.47% | 0.12% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
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.