GBP/USD dribbles around mid-1.2100s as UK Budget, US Retail Sales loom – by anilpanchal7 GBPUSD FiscalPolicy RetailSales YieldCurve CentralBanks
K Budget Report, as well as the US Retail Sales for February, amid mixed sentiment and sluggish markets.
Additionally, the latest survey details from the UK Incomes Data Research suggests that British employers agreed on pay rises averaging 5.0% during the three months to the end of January, well above historic norms, and a tight labor market means pay settlements are likely to remain high. Talking about the risks, the US policymakers’ rejections of fears emanating from the latest fallouts of the Silicon Valley Bank and Signature Bank seem to help the US Dollar regain its upside bias, especially amid recently firmerbets. Late on Tuesday, US Senate Banking Committee Chairman Sherrod Brown and Federal Reserve Governor Michelle Bowman ruled out chatters suggesting the grim conditions of the US banking industry.
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