GBP/USD stays pressured towards 1.2300 ahead of UK Retail Sales, Fed’s favorite inflation – by anilpanchal7 GBPUSD BOE Fed Inflation RiskAversion
cannot be ruled out.” On the contrary, Richmond Fed President Thomas Barkin said, “Fed is in a test and learn situation to determine how slowing demand lowers inflation.” On the different front, Boston Federal Reserve President Susan Collins said on Thursday that the Fed "may be at or near" the time to pause interest rate increases, as reported by Reuters.
It’s worth noting that the market’s recent disbelief in the BoE officials’ hawkish comments and ignorance of the upbeat British data keeps the Pound Sterling on the bear’s radar, especially amid firmer US data and the calls for further rate hikes from the Federal Reserve. Additionally, the concerns about US policymakers’ inability to clinch a deal on the US debt ceiling extension, as well as the latest chatters suggesting a $70.0 gap left to be filled by the negotiators to get the much-awaited deal also weigh on theThat said, the US Dollar Index rose to the highest levels in 10 weeks, to 104.20 at the latest, whereas the US 10-year and two-year Treasury bond yields rose to the early March highs of around 3.82% and 4.54% in that order.for April, expected 0.
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