GBP/USD stays firm against US Dollar on quieter market conditions

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Pound Sterling clings to gains of 0.05% against the US Dollar after hitting a daily low of 1.2605.

GBP/USD edges up to 1.2632, navigating through thin liquidity and a light economic calendar on both sides of the Atlantic. US Durable Goods Orders exceed expectations, while consumer concerns over inflation temper consumer confidence. Market focus on Fed Governor Waller's upcoming speech and core PCE inflation data for potential rate cut insights. Thin liquidity conditions prevail in the financial markets amid a shortened week in observance of Good Friday.

Aside from this, GBP/USD traders are eyeing the release of the Fed’s preferred measure of inflation, the Core Personal Consumption Expenditure price index. If inflation edges lower, that could fuel rate cut speculations of the Fed, but the figures must be taken with a pinch of salt as Fed Chair Jerome Powell would speak at 15:30 GMT.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBPThis article scrutinizes retail sentiment on the British pound across three key FX pairs: GBP/USD, GBP/JPY and EUR/GBP, while also examining unconventional scenarios that challenge common crowd behaviors in the market.
La source: DailyFX - 🏆 305. / 63 Lire la suite »