03/03/2026
US Core PCE inflation was in line with expectations, indicating higher inflation in January. Stronger personal spending and income led to broad USD gains, resulting in GBPUSD and EURUSD finishing the week lower.
USD gains reversed after mixed US data. Equities recovered, weakening USD. Focus remains on upcoming US inflation data. GBPUSD in tight range.
Yesterday echoed Monday with USD slightly weaker, staying within recent bounds. Fed & BoE speeches had minimal market impact.
Forex holds steady ahead of key US data. GBP/USD eyes new highs, while EUR gains strength. Learn about yesterday’s market movements and stay informed.
In the comparison of GBP against G10 currencies, market activity remained subdued, though there were indications of USD weakness.
Yesterday’s currency markets saw anticipated USD volatility. Initial weakness due to Nvidia’s earnings reversed on strong US data.