The GBP/USD currency pair is trading flat around the 1.3330 mark during the Asian session on Friday, as traders adopt a cautious stance ahead of the crucial US Personal Consumption Expenditures (PCE) inflation data set to be released later in the day. This key economic indicator is closely monitored for insights into inflation trends and potential shifts in monetary policy.
Market sentiment remains constructive for the GBP/USD exchange rate as long as it holds above the 1.3300 level. A stronger-than-expected PCE reading could provide support for the US dollar, influencing trading strategies across the forex market. Conversely, any signs of easing inflation may bolster the pound, potentially pushing the currency pair higher. Investors are keenly awaiting the data to gauge its implications for future monetary policy and market direction.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 05:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.