GBPUSD

As we start a new week, our main focus will be on the US CPI on Wednesday, April 10, the ECB meeting on Thursday, April 11, and the UK Growth data on Friday, April 12. While the European Central Bank is not expected to make any changes to current interest rates at this meeting, we will be following whether we will receive a signal from ECB President Lagarde in her speech about a possible interest rate cut for June. In an environment where especially rental/housing costs are drawing attention, the possible impact of Brent Oil, which has reached $91, on transportation and whether the negative impact it will provide on the inflation side will create additional pressure on the Fed should be followed carefully. The 1.2628 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2616, 1.2602 and 1.2590 may become important. In possible increases, 1.2642, 1.2654 and 1.2668 will be monitored as resistance levels. Support: 1.2602 – 1.2590 Resistance: 1.2654 – 1.2668