Pound Sterling stays on sidelines with US core PCE inflation in focus

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Pound Sterling stays on sidelines with US core PCE inflation in focus
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The Pound Sterling (GBP) trades subdued against the US Dollar (USD) in Friday’s London session.

The Pound Sterling exhibits a subdued performance against the US Dollar ahead of the US core PCE Inflation for May. Revised UK Q1 GDP estimates show that the economy grew at a higher pace of 0.7%. Fed policymakers expect rate cuts at this time are inappropriate. The Pound Sterling trades subdued against the US Dollar in Friday’s London session.

29% -0.11% -0.11% 0.06% -0.19% NZD -0.27% -0.26% -0.34% -0.16% -0.18% -0.06% -0.26% CHF -0.02% -0.02% -0.09% 0.06% 0.08% 0.19% 0.26% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP /USD .

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