GBPUSD Insight

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Key Points
- President Trump continues to state that negotiations with China are going well, but the Chinese side has expressed that “the U.S. and China have neither consulted nor negotiated on tariff issues, let alone reached any agreement.”
- Peace talks between Russia and Ukraine are facing difficulties, and President Trump told reporters that he is strongly pressuring Russia to enter into peace negotiations with Ukraine.
- Federal Reserve Governor Christopher Waller said, “If the labor market begins to deteriorate significantly, we expect more rate cuts to occur sooner.”

Key Economic Events This Week
+ April 25: Australian stock market closed

GBPUSD Chart Analysis
The pair had been in an uptrend and recently reached resistance at the previous high of 1.34000 but failed to break through and is now declining. This downtrend is expected to continue in the short term toward the 1.31500 level, where a new directional move is likely to be determined.

Disclaimer

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