empty
15.04.2025 12:35 AM
The Pound Forms a Top

The British economy grew by 0.5% in February, rebounding from no growth in January and significantly exceeding the forecast of +0.1%. This was the strongest growth in the last 11 months. Industrial production rose 1.5%, while the quarterly services sector activity index added 0.3%.

This positive momentum was later supported by a forecast from NIESR, which expects continued GDP growth and projects a quarterly figure of +0.6%. While monthly data is not a precise indicator, it contributed to a sharp surge in the pound.

This image is no longer relevant

The coming week is no less important—the labor market report is due on Tuesday, followed by the March Consumer Price Index (CPI) on Wednesday. The forecast suggests no change (+3.5% y/y), but surprises are possible, especially since NIESR expects that inflation will not peak until June. Until then, prices are expected to rise due to base effects.

The pound appears strong, but it's important to note that expectations regarding the Federal Reserve's interest rate path have shifted toward a slower pace of cuts. While traders in March were pricing four rate cuts for the year, they now expect only three. Uncertainty remains high, as it's unclear how significant the economic slowdown in the U.S. will be. A potential recession could completely alter interest and currency exchange rates forecasts.

Fed Chair Jerome Powell's key speech is scheduled for Wednesday, and he is unlikely to avoid commenting on the current economic situation. Late last week, Boston Fed President Susan Collins stated that the Fed is "fully prepared" to intervene and stabilize the currency markets using available tools. In light of recent developments, a drop in forex market volatility should not be expected.

The net long positioning on GBP was halved during the reporting week, going from $2.8 billion to $1.38 billion, and the fair value estimate is moving below the long-term average.

This image is no longer relevant

Despite the impressive rally in recent days, the pound has not broken through the upper boundary of the 1.3200 range. The rise has been driven by a surge in optimism following the delay in the trade war and strong GDP and industrial production figures. Although there is strong bullish momentum, we do not expect it to be sustained. A top will likely form near 1.3200, after which the pound may reverse to the downside. We see an opportunity to sell from current levels with a stop just above 1.3200 and a target of 1.3000. The potential for further decline should be supported by increased demand for safe-haven assets and a decrease in market euphoria.

Kuvat Raharjo,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

XAU/USD. Análise e previsão

Os preços do ouro seguem uma trajetória positiva após uma queda intradiária para o nível de US$ 3.275-3.274. A demanda renovada por ativos considerados porto seguro é impulsionada por riscos

Irina Yanina 20:57 2025-05-09 UTC+2

O BoE está preocupado com a economia

Monitoro regularmente três bancos centrais, cada um representando abordagens quase opostas em relação à política monetária. Na quinta-feira, o Banco da Inglaterra reduziu as taxas de juros, citando preocupações

Chin Zhao 18:17 2025-05-09 UTC+2

Os mercados abrirão os olhos e fecharão os ouvidos

É melhor comprar ações agora mesmo! Graças à política comercial da Casa Branca, os EUA vão atrair US$ 10 trilhões em investimentos. Este país será como um foguete subindo direto."

Marek Petkovich 17:45 2025-05-09 UTC+2

Os EUA e o Reino Unido assinam um acordo comercial

A libra esterlina recuou após a divulgação da notícia de que os Estados Unidos e o Reino Unido assinaram um acordo comercial. No entanto, há diversas nuances que ainda precisam

Jakub Novak 17:36 2025-05-09 UTC+2

Todos começaram a acreditar em Trump novamente?

O dólar americano retomou sua trajetória de alta, enquanto diversos ativos de risco sofreram quedas acentuadas após o presidente dos EUA, Donald Trump, declarar que espera avanços significativos nas próximas

Jakub Novak 17:22 2025-05-09 UTC+2

A União Europeia prepara novas tarifas contra os Estados Unidos

Foi revelado que a União Europeia planeja impor tarifas adicionais sobre exportações dos Estados Unidos no valor de €95 bilhões, caso as atuais negociações comerciais com a administração do presidente

Jakub Novak 17:08 2025-05-09 UTC+2

DXY: O dólar mantém a esperança de uma recuperação

Hoje, o Índice Dólar dos EUA (DXY), que mede o desempenho do dólar em relação a uma cesta de moedas principais, encontra-se em uma fase de consolidação altista após atingir

Irina Yanina 14:27 2025-05-09 UTC+2

O Banco da Inglaterra está pronto para reduzir as taxas

Espera-se que o Banco da Inglaterra corte as taxas de juros em 0,25 ponto percentual hoje e sinalize que uma nova redução é provável em junho. Isso pode colocar

Jakub Novak 17:18 2025-05-08 UTC+2

O mercado se recuperará por conta própria.

O Fed já não é mais o centro do universo financeiro, e a valorização de 13% do S&P 500 em relação às mínimas de abril encareceu ainda mais as ações

Marek Petkovich 15:57 2025-05-08 UTC+2

Por que o ouro caiu drasticamente após a reunião do Fed?

O ouro teve um leve aumento após a reunião do Federal Reserve, na qual as taxas de juros foram mantidas inalteradas e o presidente do Fed, Jerome Powell, declarou

Jakub Novak 15:45 2025-05-08 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.