GBP/USD maintains the position above 1,2950 about four months maximum
GBP/USD tries to extend your profits for the third consecutive day, quoting around 1,2960 during the Asian session on Thursday. The GBP/USD torque rises as the US dollar (USD) faces winds against in the middle of the continuous tariff uncertainty of the US president, Donald Trump, and the growing concerns about a possible recession in the US.
The dollar could lose more land as inflation in the US cooled more than anticipated in February, increasing the speculation that the Federal Reserve (Fed) could cut interest rates before expected. Market participants now expect the US Price Price Index (IPP) of Thursday and the weekly applications for unemployment subsidy to obtain more economic clues. Read more…
GBP/USD remains stable near new maximums while the markets take a break
GBP/USD ranged near the recent maximums on Wednesday, building a base near the 1.3000 zone key while the markets take a moment after the US consumer price index (IPC) of the USA would cool even more than expected in February. The markets now expect the US Production Price Index (IPP) on Thursday, with key data on consumer’s feeling and consumer inflation expectations scheduled for Friday.
USA imposed a 25% global tariff over all steel and aluminum imported to the US on Wednesday, initiating the next critical stage of President Donald Trump’s desire to enter a commercial war with all US allies of the US at the same time. A recent dispute between the US and Canada reached a closure without results this week after Donald Trump threatened to double tariffs on metals to Canada just days before tariffs on US steel were scheduled to enter into force. After some round trip postures, both countries agreed that the US would impose their “normal” tariffs of 25% in steel and aluminum, and Canada would establish their own tariffs on a specific amount of goods later this week. Read more…
GBP/USD falls slightly despite the slowdown in inflation in the US, focus on the US PPI
The sterling pound (GBP) depreciates slightly against the US dollar (USD) on Wednesday, since US inflation data revealed that the disinflation process continued. At the time of writing, the GBP/USD is quoted at 1,2925, a 0.13%drop.
In February, the US Consumer Price Index (CPI) was below the 0.3% estimate and rose 0.2% monthly. In annual terms, the CPI dropped from 3% to 2.8%. Excluding volatile elements, the so -called underlying IPC expanded a 0.2% monthly, lowering from 0.4% in January, below planned, and in the twelve months until February, it slid from 3.3% to 3.1%. 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.
