GBP/USD rises slightly as the dollar weakens following US PCE and UoM sentiment data
Currency Update: British Pound’s Recovery The British pound is steady after facing two days of declines, with GBP/USD showing signs of improvement. The recent US PCE Inflation Report clarified the Federal Reserve’s perspective and largely aligned with predictions. The Core PCE Price Index increased by 0.2%, adhering to forecasts, and a slight dip from 0.3% […]
EUR/USD holds steady around 1.1720 as the US Dollar softens following the UoM survey
Market Update EUR/USD shows signs of recovery from intraday low but remains under pressure. Consumer sentiment, according to UOM, falls to 55.4, missing expectations and hitting a four-month low. Zapad-2025 military drills initiated by Russia and Belarus, prompting Poland to close its border with Belarus. The euro (EUR) is trading on the defensive against the […]
GBP/USD approaches 1.3450 as market sentiment improves, focus on UoM Consumer Sentiment
GBP/USD shows appreciation as the US dollar weakens following dovish comments from the Federal Reserve. Mary Daly, President of the San Francisco Fed, described the expectation of two interest rate cuts this year as a “rational” perspective. The pound found support from mixed employment figures in the UK. GBP/USD is poised to gain after trading […]
EUR/USD moves back close to 1.1200 before the release of the UoM Consumer Sentiment Index.
With the recent decline of the US dollar, EUR/USD pairs are trending higher. The US producer price index dropped by 0.5% month-over-month, while the core PPI (excluding food and energy) decreased by 0.4% in April. However, gains for the euro may be limited as European Central Bank officials hint at potential interest rate cuts. The […]