The British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate £4.8 billion annually by 2040, may also cushion the economy.
If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.
If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.