Pound Edges Higher as Warsh Testimony Reassures Currency Markets on Fed Independence

Sterling and the euro posted modest gains on Wednesday as currency markets responded positively to Federal Reserve Chair nominee Kevin Warsh’s Senate testimony, which provided reassurance on central bank independence without triggering major shifts in interest rate expectations. As of 07:55 GMT, GBP/USD climbed 0.16% to 1.3525, trading within a session range of 1.3498 to…

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US Economic Data Takes Center Stage as ADP Payroll and Retail Sales Reports Loom

A packed schedule of US economic indicators is set to dominate forex markets on Wednesday, with ADP Non-Farm Payroll figures, retail sales data, and the ISM Manufacturing PMI reading all due for release. Traders are bracing for volatility as the reports could significantly influence Federal Reserve policy expectations and currency valuations. The ADP private sector…

US Economic Data Takes Center Stage as ADP Payroll and Retail Sales Reports Loom