GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil
Portfolio Pulse from
The GBP/USD exchange rate remains steady around 1.2950 following the release of US Core PCE inflation data at 2.8%, which reinforces Federal Reserve's inflation concerns. UK economic data showed resilience with retail sales beating forecasts and Q4 2024 growth at 0.1%. Traders are now focusing on upcoming US economic indicators and potential trade war escalation due to Trump's car tariffs.
March 28, 2025 | 4:00 pm
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NEUTRAL IMPACT
The Invesco CurrencyShares Euro Trust may experience volatility due to shifting forex dynamics driven by US inflation data and potential trade policy changes.
While not directly mentioned, currency ETFs like FXE are typically impacted by macroeconomic indicators and geopolitical tensions discussed in the article.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30