{"id":90085,"date":"2023-09-28T02:31:50","date_gmt":"2023-09-27T22:31:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=90085"},"modified":"2023-09-28T02:34:16","modified_gmt":"2023-09-27T22:34:16","slug":"gbp-usd-declines-further-on-stronger-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-declines-further-on-stronger-dollar\/09\/28\/market-updates\/","title":{"rendered":"GBP\/USD declines further on stronger dollar"},"content":{"rendered":"\n<p>The GBP\/USD pair is experiencing a backslide as the Pound Sterling weakens against the dollar. US data supports the USD, while the UK data-light calendar leaves the GBP to twist. <br><br>The pair is expected to see US &amp; UK GDP and US PCE on Friday. On Wednesday, US Durable Goods Orders beat expectations, with 0.2% and clearing the -0.5% forecast. <br><br>Thursday will bring US GDP numbers, forecasted at 2.1%. The GBP\/USD will focus on the UK&#8217;s GDP for the second quarter, which is expected to stay in line with the previous reading of 0.2%. <br><br>However, Friday&#8217;s action will likely be overshadowed by the US Personal Consumption Expenditure Price Index. US PCE inflation is forecast to print steady at 0.2% for August, with the annualized figure slipping from 4.2% to 3.9% for the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair is experiencing a backslide as the Pound Sterling weakens against the dollar. US data supports the USD, while the UK data-light calendar leaves the GBP to twist. The pair is expected to see US &amp; UK GDP and US PCE on Friday. On Wednesday, US Durable Goods Orders beat expectations, with 0.2% &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8337,7034,7218,7046],"class_list":["post-90085","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-durable-goods-orders","tag-gbp-usd","tag-pce","tag-sterling"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=90085"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90085\/revisions"}],"predecessor-version":[{"id":90091,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90085\/revisions\/90091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=90085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=90085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=90085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}