- Verda GBP / USD indicates the weaker growth in the UK.
- Ribbine yields increased after Trump announced larger tariffs in several countries.
- Next week, the United States will let crucial inflation and retail data.
WEAR GBP / USD’s forecast indicates a weaker growth in the UK, which pushed expectations by color.
UPS and Padua GBP / USD
GBP / USD Pair had a bear Sunday while the dollar received returns of American vault. Meanwhile, the function fell after GDP in the UK.
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Vrecora yields rose after Trump announced larger tariffs in several countries, including Canada, Brazil and Japan. If these tariffs come into effect, they will increase import prices and drive inflation to the larger. This would make feeding to maintain high borrowing costs.
Otherwise, data on Friday found that the UK economy has contracted 0.1% compared to an expansion for 0.1%. The report increased pressure on the English bank to reduce interest rates.
Key events next week for GBP / USD
Next week, the United States will let crucial inflation and retail data. Meanwhile, the United Kingdom will release the inflation and employment numbers. American inflation data show whether Trump Tariffs increased priced pressures. If this is the case, the Fed can remain careful about reducing the feet. However, if the insolvent softer inflation, he will strengthen the expectations of the course reduction.
On the other hand, inflation numbers in the UK will shape the look for reducing the number in England. Traders will also watch to see the state of the Labor Market in Great Britain.
GBP / USD Sunday technical forecast: Bears are interrupted below SMA after Divergence Ray
On the technical side, the GBP / USD price broke below 22-SMA after it has shown weakness in the rally. Pause means a bear transition to feeling. At the same time, the RSI crossed under 50, showing that a bear momentum is stronger.
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Earlier, the price traded in a solid violent, making the higher height and the lowest. However, the price began to pierce SMA, a sign that the bears gradually became stronger. At the same time, while the price became higher Highs, the RSI made lower. This resulted in bear diversions, signaling the weaker momentum.
Consequently, the bears made a strong break below SMA. However, to confirm the new trend, the price must maintain its position below 22-SMA. In addition, it must begin to bring lower and lower lower. This means that it disrupts below 1,3400 support.
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