GBPUSD Insight

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Key Points
- The ECB cut its key policy rates by 25 basis points in its monetary policy meeting. However, by removing the phrase "still restrictive" from its statement, the central bank hinted at a possible pause in rate cuts.
- President Trump, after a call with Mexican President Claudia Sheinbaum, decided to postpone tariffs on Mexican goods under the USMCA agreement until April 2. Despite tensions with Canada, he also ultimately decided to delay tariffs on Canadian products until the same date.

This Week's Key Economic Events
+ March 7: U.S. February Nonfarm Payrolls, Unemployment Rate, Fed Chair Powell’s Speech

GBPUSD Chart Analysis
After smoothly breaking through the 1.27000 resistance level, GBPUSD has climbed to the 1.29000 range. While the price is currently pausing at this level, the upside remains open up to the 1.31000 level, suggesting further gains. In the short term, a pullback to the 1.27000 level before resuming the upward trend is possible.