GBP/USD price forecast: trade below 1,3500; The bullish bias remains before the US PCE data.
The GBP/USD torque attracts new vendors after the moderate rebound of the previous day from the 1.3415 zone, or the weekly minimum, in the middle of a modest rebound of the US dollar (USD). Cash prices currently quote around the 1,3475-1,3470 region, with a 0.15% drop in the day, although the decline seems limited since operators could choose to wait for the publication of the US Personal Consumption Expenditure Index (PCE).
Looking ahead to the risk of key data, a certain repositioning helps the USD recover positive traction after the spectacular turn of the previous day from a maximum of more than a week and exerts some pressure on the GBP/USD torque. However, bets that the Federal Reserve (FED) will further reduce indebtedness costs in 2025 and US tax concerns could limit the USD. In addition, speculation that the Bank of England (BOE) would pause at its next June 18 meeting and would take its time before further reducing indebtedness costs should act as a tail wind for the pound sterling (GBP). Read more…
GBP/USD recovers 1.35 waiting for key US inflation data.
GBP/USD made an irregular relief rally on Thursday, jumping back to the range of 1,3500 while the markets are prepared for the last lot of inflation figures of the Personal Consumption Expenditure Index (PCE) of the United States (USA) that will be published on Friday.
The “world retaliatory tariff orders” of US President Donald Trump faced his first significant legal challenge after being failed against the US trade courts. However, investors have a long and hard way ahead while they continue to wait for some clarity in Trump administration policies. 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.
