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GBP/USD reclaims 1.34 after PCE report sees dollar slips
Following on from the previous two updates, noting the reactions across the markets to the latest US PCE data, the dollar did immediately fell and of course that was most notable in the instant reaction in the USD/JPY. That fall helped the EUR/USD to advance a bit further and it has also helped the GBP/USD reclaim the 1.34 handle again. If this current dollar weakness persists then we could soon be looking for a test of the current 2024 high, at 1.3434. The GBP/USD is currently trading at 1.3410
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