GBP/USD falls below 1.3000 amid the firmness of the US dollar before the Fed decision
The GBP/USD goes back, quoting around 1,2990 during Wednesday’s Asian hours after registering profits in the two previous sessions. The torque fights while the US dollar (USD) remains firm, supported by stable yields of the US Treasury bonds before the decision on the interest rates of the Federal Reserve (Fed) later in the day. Markets generally expect Fed to maintain stable rates amid persistent concerns about inflation and economic uncertainty.
The American dollar index (DXY), which measures the USD compared to six main currencies, trades about 103.40. Meanwhile, the yields of the US Treasury bonds at 2 and 10 years are 4.04% and 4.29%, respectively, at the time of writing. However, the dollar faces pressure for weak economic data and renewed tariff threats of US President Donald Trump, adding uncertainty for investors. Read more…
GBP/USD test higher levels before interest rates of consecutive central banks
The GBP/USD was negotiated with little volume on Tuesday, but still advanced towards the level of 1.3000, reaching a new maximum of 19 weeks before the decisions of high impact rates of both the Federal Reserve (Fed) and the Bank of England (BOE). The Fed is expected to maintain stable rates this week, but a new update on the expectations of interest rates of the Federal Open Market Committee (FOMC) will attract a lot of attention.
The last decision of the Federal Reserve (FED) is scheduled for Wednesday. According to the Fedwatch of the CME tool, the rates markets generally anticipate that the Fed will keep the fees without changes in the next two meetings, with the next cut of an expected spot at the June meeting of the Federal Open Market Committee (FOMC). However, the latest FomC interest rates projections will be published this week. They could alter the expectations of rate cuts if the projections of those responsible for the FED deviate drastically from the current market forecasts. Read more…
GBP/USD goes below 1,3000 after reaching a maximum of 4 months in the middle of the uncertainty of the Fed and BOE
The sterling pound (GBP) is going back during the US session against the US dollar (USD) after reaching a maximum of four months in 1.3000 before cutting the previous profits. At the time of writing, the GBP/USD is quoted at 1,2975, a 0.12%drop. The economic data remains overlooked while the operators digest the protectionist policies of the US president, Donald Trump, aimed at reducing the commercial deficit.
Previously, US industrial production in February expanded 0.7% monthly, exceeding 0.2% and 0.3% of January, driven by motor vehicles. The housing data were mixed, with construction permits in February, falling 1.2% of 1,473 million to 1,456 million, while the construction beginnings for the same period increased 11.2% of 1.35 million to 1,501 million. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
