GBP/USD Forecast: Pound Sterling looks to extend the upswing
The Pound Sterling (GBP) booked the first weekly gain against the US Dollar (USD), snapping a five-week bearish momentum.
Source: fxstreet.com
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Central bankers continue to dial back rate cut expectations
- German Ifo business sentiment data which were in line with analyst expectations.
Source: fxstreet.com
Forecasting the Coming Week: Fed's interest rate cuts vs. key data
Bets on the potential timing of interest rate cuts by the Federal Reserve ruled the sentiment once again in the FX galaxy this week.
Source: fxstreet.com
No surprises in the FOMC Minutes
The key events today will be the February flash PMIs from the euro area, US, and UK.
Source: fxstreet.com
PBoC sets USD/CNY reference rate at 7.1018 vs. 7.1030 previous
On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1018 as compared to the previous day's fix of 7.1030 and 7.1854 Reuters estimates.
Source: fxstreet.com