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The Pound Sterling (GBP) failed to sustain the bounce against the US Dollar (USD), as the GBP/USD pair lost upside momentum once again when it tried to reach 1.2700.
March inflation numbers may show investors that inflation is heading toward the Fed's 2% target. If not, base case expectations for rates may need a revamp.
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Zeina Rizk, Amwal Capital Partners, Co-Head of Fixed Income discusses possible June Fed cuts, also bonds and equity rallies.
Gold price is flirting with $2,300 after refreshing a lifetime high at $2,305 earlier this Thursday.