Sterling slid versus yen after flat UK GDP and weak output data; GBP/JPY retreated near 211.50.
GBP/USD slid toward mid-1.3200s after flat UK January GDP, weaker output data, and renewed dollar strength.
Middle East tensions boost dollar safe-haven demand; Rabobank expects de-dollarisation fears ease as inflation risks rise.
BEA revised Q4 US annualised GDP growth to 0.7%, citing weaker exports, spending, investment; dollar steady.
US PCE inflation eased to 2.8% in January; core held 3.1%, income and spending rose 0.4%.
US GDP price index rose to 3.8% in Q4 from 3.7%, signaling slightly higher inflation pressures.
US GDP grew 0.7% annualised in Q4, missing 1.4% expectations, indicating slower-than-forecast economic growth overall.
US core PCE inflation rose 3.1% year-on-year in January, matching forecasts and reinforcing steady price pressures.
Canada’s labour force participation rate slipped to 64.9% in February, from 65%, reflecting fewer working-age Canadians.
Canada’s February employment fell 83.9K, missing the 10K gain forecast by 93.9K overall.
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