GBP/USD Strengthens Above 1.3350 Amid Dovish Fed and Macroeconomic Trends
Sunday, 29 September 2024, 18:39
GBP/USD Trading Strength
GBP/USD remains firm around 1.3385 in Monday’s early Asian session. The recent US PCE inflation figures for August saw a decline, coming closer to the Fed's inflation target, which has encouraged a softer monetary policy outlook.
Impact on Majors
- The dovish Fed position suggests a potential shift in interest rates.
- Market analysts believe the BoE might cut rates once before the year's end.
- This scenario can lead to significant volatility among major currency pairs.
GBP/USD trading strategies may need reevaluation as macroeconomic indicators reshape market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.