GBPUSD

The rising expectations for a Fed rate cut due to the negative effects of Trump's tariffs are supported by U.S. inflation data falling short of expectations. The March 19 FOMC Economic Projections and messages from Fed Chair Powell will outline our roadmap for this process. As we close the week today, growth data from the UK and Michigan Consumer Sentiment along with inflation expectations from the U.S. are in focus.

The classic Dollar Index has been fluctuating recently, with a struggle between short-term sellers and medium-term buyers. Evaluating the developments and their effects on the index before the March 19 Fed decisions is critical for the second quarter of the year. Meanwhile, optimism in the GBPUSD pair continues above 1.2810, with targets possibly set at the levels of 1.2990, 1.3030, and 1.3080.