GBP/USD Weekly Special Report based on 1.00 Lot Calculation:
UK – US TRADE:
- NEWS: US PRESIDENT TRUMP SUSPENDED THEIR RECIPROCAL TARIFFS ON THE REST OF THE WORLD BY 90 DAYS. For the next 90 days, the US will charge countries that are part of the reciprocal tariff plan only 10%, compared to the range of up to 84% previously planned, as it gives time and space for other countries to begin and reach new trade deals with the USA. More than 70 countries have already contacted the US administration to begin talks soon. This has significantly reduced global recession fears.
- UK–US TRADE NEGOTIATIONS TO BEGIN: The UK- US trade talks are expected to begin soon, as countries have up to 90 days to renegotiate the trade’s new terms with the USA.
EVENTS (UNITED STATES):
- WEDNESDAY, APRIL 16, AT 18:30 GMT+1: FED CHAIRMAN JEROME POWELL SPEAKS: The chairman of the FED will hold a press conference at the Economic Club of Chicago concerning the topic of the Economic Outlook.
- WEDNESDAY, APRIL 30, AT 13:30 GMT+1: US GROSS DOMESTIC PRODUCT (GDP) (Q1): The U.S. will publish its Q1 GDP data, a broad measure of overall economic performance. A weaker-than-expected reading could drag the USD lower, as it could point to slowing growth and reduce expectations for tighter monetary policy. (PREVIOUS:2.4%)
EVENTS (UNITED KINGDOM):
- WEDNESDAY, APRIL 23, AT 17:30 GMT+1: BANK OF ENGLAND GOVERNOR BAILEY SPEAKS: Governor Andrew Bailey will address the current economic conditions and monetary policy outlook, potentially reinforcing expectations of tighter policy in the UK, which could support the British pound against the US dollar. Bailey has more influence over sterling's value than any other person.
- FRIDAY, APRIL 25, AT 7:00 GMT+1: UK RETAIL SALES (MARCH): The UK will release its Retail Sales figures, a key indicator of consumer spending and overall economic health. A stronger-than-expected reading could support the GBP, as it may boost confidence in the UK economy. (PREVIOUS: 2.2%)
GBPUSD, APRIL 16, 2025
Current Price: 1.32700
GBP/USD |
Weekly |
Trend direction |
|
1.3780 |
|
1.3620 |
|
1.3450 |
|
1.3100 |
|
1.3050 |
|
1.3000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
GBP/USD |
||||||
Pivot Points |
||||||
Profit or loss in $ |
5,100 |
3,500 |
1,800 |
-1,700 |
-2,200 |
-2,700 |
Profit or loss in €² |
4,479 |
3,074 |
1,581 |
-1,493 |
-1,932 |
-2,371 |
Profit or loss in £² |
3,841 |
2,636 |
1,356 |
-1,280 |
-1,657 |
-2,033 |
Profit or loss in C$² |
7,170 |
4,920 |
2,530 |
-2,390 |
-3,093 |
-3,796 |
1. 1.00 lot is equivalent of 100.000 units
2. Calculations for exchange rate used as of 8:40 (GMT+1) 16/4/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.