GBP/USD maintains position near 1.2900 as concerns over US economic growth persist
The GBP/USD pair recovers recent losses from the previous session, trading around 1.2890 during Asian hours on Tuesday. The pair edges higher as the US Dollar (USD) struggles amid concerns that tariff policy uncertainty could push the US economy into recession.
Weaker-than-expected US job data for February has strengthened expectations of multiple Federal Reserve (Fed) rate cuts this year. LSEG data shows that traders now anticipate a total of 75 basis points (bps) in cuts, with a June rate reduction fully priced in. Read more…
GBP/USD holds above 1.2900 as traders brace of US CPI data
The Pound Sterling (GBP) consolidates within familiar levels against the US Dollar (USD) amid a scarce economic docket on Monday. Key United States (US) inflation data and the United Kingdom’s (UK) Gross Domestic Product (GDP) figures are due later in the week. GBP/USD trades at 1.2915, up 0.04%.
Sentiment remains dismal due to concerns about US President Donald Trump’s trade policies. On Friday, he said that his policies could lead to economic turbulence in the short term due to undergoing a “period of transition” because what he’s doing is very “big.” Read more…
