Vea también
The EUR/GBP pair is losing ground today after two consecutive days of gains, trading near the psychological level of 0.8600.
The pound is receiving support from optimism surrounding ongoing trade negotiations between the United States and the United Kingdom. Following the introduction of new 10% tariffs by President Trump on British goods and 25% tariffs on auto, steel, and aluminum imports, UK Prime Minister Keir Starmer is attempting to secure a trade agreement with the US.
However, the EUR/GBP pair has been cushioned from a deeper decline by weaker-than-expected UK Consumer Price Index (CPI) data for March, which has increased expectations that the Bank of England may cut interest rates at its May meeting. Current market expectations point to a total of 86 basis points in rate cuts by the end of the year, with a fourth rate cut expected in December. Lower inflation could give the Bank of England more flexibility to support the economy amid rising household spending and persistent global trade tensions. This could, in turn, exert downward pressure on the pound.
Downside pressure on EUR/GBP is limited as the euro is strengthening, supported by broad US dollar weakness. Concerns over the Federal Reserve's independence have grown following comments by Trump and National Economic Council Director Kevin Hassett, who stated that Trump is still considering replacing Fed Chair Jerome Powell.
In terms of monetary policy, the European Central Bank recently cut its deposit rate by 25 basis points to 2.25%—its lowest level since early 2023—while also abandoning language describing its stance as "restrictive." Due to growing trade tensions, the ECB acknowledged a worsening economic outlook, and markets are now pricing in three additional rate cuts by year-end.
Technical Outlook: The bullish scenario remains intact, as oscillators on the daily chart remain firmly in positive territory and far from overbought conditions. A successful break above the key 0.8600 level and resistance at 0.8617 would open the way toward 0.8696, with a possible test of the monthly high.
On the other hand, the 0.85530 level remains the first major support. A break below it could lead to further declines toward 0.8520 and the psychological 0.8500 level, at which point bearish momentum may start to dominate.
You have already liked this post today
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
El petróleo West Texas Intermediate (WTI), que es el referente del crudo estadounidense, rebotó desde un mínimo de cinco semanas y subió por encima de los $63,50 en medio
El par de divisas EUR/USD durante la mayor parte del miércoles volvió a negociarse con una volatilidad muy baja. Esta semana hay realmente muy pocos eventos macroeconómicos, pero al mismo
El par de divisas EUR/USD durante el martes volvió a negociarse de forma bastante tranquila, como si la semana pasada no hubiera sucedido nada grave ni resonante. Pero
El par de divisas EUR/USD cayó prácticamente toda la semana pasada, y había motivos muy concretos y razones sumamente razonables para ello. Sin embargo, el viernes ocurrió un colapso
El par de divisas GBP/USD el miércoles retrocedió ligeramente al alza, y durante la mayor parte del día la negociación fue bastante aburrida y tranquila. Tal como anticipamos el miércoles
El par de divisas EUR/USD mantuvo el movimiento bajista el miércoles. De todas las publicaciones macroeconómicas de ese día hablaremos en otros de nuestros artículos; en este, nos centraremos
Notificaciones
por correo electrónico y mensaje de texto
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?
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 InstaTrade anyway.
We are sorry for any inconvenience caused by this message.