{"id":275698,"date":"2024-04-02T05:14:07","date_gmt":"2024-04-01T23:44:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=275698"},"modified":"2024-04-02T05:14:07","modified_gmt":"2024-04-01T23:44:07","slug":"pound-sterling-drops-after-strong-us-ism-manufacturing-pmi-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-drops-after-strong-us-ism-manufacturing-pmi-data-crypto-news\/","title":{"rendered":"Pound Sterling drops after strong US ISM Manufacturing PMI data – Crypto News"},"content":{"rendered":"

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GBP\/USD drops after strong US ISM Manufacturing PMI data<\/h2>\n
The Pound Sterling slumps in the mid-North American session, as robust US economic data could dent the Federal Reserve\u2019s intentions to cut\u00a0rates<\/a>. That underpinned the Greenback while US Treasury yields skyrocketed, a headwind for\u00a0Cable<\/a>. The GBP\/USD trades at 1.2587, down 0.57%. Read More…<\/a><\/div>\n
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Pound Sterling tumbles as upbeat US Manufacturing PMI dampens market sentiment<\/h2>\n<\/p>\n
The Pound Sterling (GBP) faces an intense\u00a0sell-off against the US Dollar in Monday\u2019s early American\u00a0session. The\u00a0US Dollar Index<\/a>\u00a0(DXY) rises to\u00a0104.90 on stronger than expected\u00a0United States<\/a>\u00a0ISM Manufacturing PMI for March. The\u00a0Manufacturing PMI rose to 50.3 from expectations and the prior reading of\u00a048.4 and\u00a047.8, respectively. The US factory data climbs above the 50.0 threshold\u00a0for the first time after contracting for 15 straight\u00a0months. This indicates a sharp recovery in the manufacturing sector, exhibiting\u00a0a strong\u00a0economic outlook<\/a>. Read More…<\/a><\/div>\n
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GBP\/USD Price Analysis: The initial support level is located at 1.2610<\/h2>\n<\/p>\n
The GBP\/USD pair<\/a>\u00a0holds positive ground near 1.2628, snapping the two-day losing streak on Monday. The modest recovery of the major pair is backed by the dovish comments from Federal Reserve (Fed)\u00a0Chairman Jerome Powell. The Fed\u2019s Powell stated on Friday that recent US inflation data was in line with expectations and that the Fed’s goal for the interest rate this year remained unchanged. The US central bank maintains projections of three rate cuts this year, and traders anticipate the first rate cuts will begin in the June meeting. Read More…<\/a><\/div>\n
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GBP\/USD drops after strong US ISM Manufacturing PMI data The Pound Sterling slumps in the mid-North American session, as robust US economic data could dent the Federal Reserve\u2019s intentions to cut\u00a0rates. That underpinned the Greenback while US Treasury yields skyrocketed, a headwind for\u00a0Cable. The GBP\/USD trades at 1.2587, down 0.57%. Read More… Pound Sterling tumbles […]<\/p>\n","protected":false},"author":2,"featured_media":9633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,1064,252,1063,247,253,249,308,256,254],"class_list":["post-275698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=275698"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275698\/revisions"}],"predecessor-version":[{"id":275700,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275698\/revisions\/275700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9633"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}