GBPUSD Insight

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Key Points
- U.S. President Trump announced that he would suspend reciprocal tariffs for 90 days for the 70+ countries involved in negotiations, imposing only a 10% reciprocal tariff. He also stated that tariffs on China, which announced retaliatory tariffs, would be raised to 125%.
- There is speculation that foreign investors have recently been selling U.S. bonds. Considering that the U.S. 30-year bond yield has risen by around 50 basis points over the past three days, it is expected that Trump may have changed his stance.
- The market views these tariff measures as ultimately targeting China, while most other countries are expected to resolve the matter smoothly through negotiations.

Key Economic Events This Week
+ April 10: U.S. March Consumer Price Index (CPI)
+ April 11: U.K. February GDP, Germany March Consumer Price Index (CPI), U.S. March Producer Price Index (PPI)

GBPUSD Chart Analysis
Despite a recent sharp decline, the pair appears to be finding support around the 1.27000 level and is showing signs of recovering previous losses. In the short term, it is expected to continue its upward momentum toward the 1.31000 level.
However, given ongoing uncertainties, it’s important to monitor whether the pair can break through the 1.31000 resistance level. In addition, attention should continue to be paid to any changes in Trump’s policy stance.

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