GBP/USD slides below 1.29 on soft UK CPI, budget presentation
Portfolio Pulse from
The British Pound Sterling experienced a decline against the US Dollar following softer-than-expected UK Consumer Price Index (CPI) data and the presentation of the Spring Budget. Simultaneously, mixed economic indicators in the United States provided support to the US Dollar, helping it recover some recent losses.
March 26, 2025 | 3:45 pm
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POSITIVE IMPACT
The US Dollar Index ETF may see slight gains due to mixed economic data that provided support to the Greenback against other currencies.
Mixed US economic data helped the US Dollar recover, which could positively impact the UUP ETF tracking the dollar's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60