- Trump warns about economic turbulence due to the current “transition period.”
- The fears of recession in the US increase, feeding the expectations of 80 basic points of fees of the Fed rates in 2025.
- The DXY weakens 103.76 while investors move to refuge currencies.
- The operators observe the US CPI on Wednesday and the United Kingdom GDP figures on Friday to obtain direction.
The sterling pound is consolidated within family levels against the US dollar in the middle of a scarce economic agenda on Monday. The key inflation data of the US and the figures of the Gross Domestic Product (GDP) of the United Kingdom will be published later in the week. The GBP/USD quotes 1,2915, rising 0.04%.
The pound remains stable amid concerns about inflation in the US and the anticipation of the United Kingdom GDP
The feeling is still bleak due to the concerns about the commercial policies of US President Donald Trump. On Friday he said that his policies could lead to short -term economic turbulence due to a “transition period”, since what he is doing is very “great.”
Meanwhile, the fears that the US economy could fall into a recession or, worse, in a stagflation scenario they keep investors inclined towards currency refuge such as the Swiss Franco and the Japanese yen. Consequently, the expectations that the Federal Reserve (FED) loosen the policy have increased, with market participants estimating 80 basic relaxation points towards the end of the year, according to data from the Chicago Commerce Board (CBOT).
Meanwhile, the dollar extended its losses, with the index of the US dollar (DXY), which tracks the performance of the dollar against a basket of six other currencies, falling 0.14% to 103.76.
The New York Fed feeling Survey revealed that inflation expectations for one year in February increased from 3% to 3.1%. For periods of three and five years, they remained unchanged in 3%. Americans expect price increases in gas, rental and food.
This week, the US economic agenda will include Jolts employment offers on Tuesday, followed by the publication of the Consumer Price Index (CPI) on Wednesday. On the other side of the puddle, GBP/USD operators will be attentive to GDP figures on Friday.
GBP/USD price forecast: technical perspective
The GBP/USD is quoted laterally for the second consecutive day, unable to decisively break the figure of 1,2950. The price action suggests that the torque is prepared to climb. However, the Relative Force Index (RSI) indicates that the torque is overcapted, and an appreciation of the US dollar could lead to the GBP/USD to challenge the simple mobile average (SMA) of 200 days in 1,2788.
On the contrary, if the GBP/USD rises above 1,2950, ​​a 1.3000 level test is expected.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | 0.05% | -0.68% | 0.35% | -0.07% | -0.20% | -0.06% | |
| EUR | 0.00% | 0.01% | -0.68% | 0.36% | 0.02% | -0.22% | -0.18% | |
| GBP | -0.05% | -0.01% | -0.74% | 0.32% | 0.01% | -0.29% | -0.12% | |
| JPY | 0.68% | 0.68% | 0.74% | 1.02% | 0.67% | 0.39% | 0.69% | |
| CAD | -0.35% | -0.36% | -0.32% | -1.02% | -0.45% | -0.54% | -0.44% | |
| Aud | 0.07% | -0.02% | -0.01% | -0.67% | 0.45% | -0.24% | -0.17% | |
| NZD | 0.20% | 0.22% | 0.29% | -0.39% | 0.54% | 0.24% | 0.21% | |
| CHF | 0.06% | 0.18% | 0.12% | -0.69% | 0.44% | 0.17% | -0.21% |
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.
