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GBP/USD Rises as U.S. GDP Data Looms

8/29/2025

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Summary

Story summary

The GBP/USD exchange rate increased to 1.3495, influenced by anticipated U.S. GDP and PCE inflation data.
The EUR/USD pair held steady at 1.1625, despite the potential legal implications of Donald Trump's dismissal of Fed Governor Lisa Cook.
Upcoming U.S. GDP data is expected to indicate a rebound, with PCE inflation projected at 0.3% month-on-month.
Technical patterns suggest potential bullish movements for both currency pairs.

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Story summary

The GBP/USD exchange rate increased to 1.3495, influenced by anticipated U.S. GDP and PCE inflation data.
The EUR/USD pair held steady at 1.1625, despite the potential legal implications of Donald Trump's dismissal of Fed Governor Lisa Cook.
Upcoming U.S. GDP data is expected to indicate a rebound, with PCE inflation projected at 0.3% month-on-month.
Technical patterns suggest potential bullish movements for both currency pairs.