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GBP\/USD hovers around 1.2650 during the Asian session on Thursday. However, the US Dollar (USD) encountered challenges in the prior session following the release of mixed economic data from the United States (US), which showed a stronger ADP Employment Change but softer ISM Services PMI<\/a> figures.<\/p>\n US ADP Employment Change increased by 184,000 in March, surpassing February’s 155,000 rise and exceeding the market consensus of 148,000. Meanwhile, US ISM Services PMI declined to 51.4 in March from 52.6 in February, falling short of the anticipated 52.7. Read more…<\/a><\/p>\n The Pound Sterling posted solid gains against the Greenback on Wednesday after bouncing from a seven-week low of 1.2539 on Tuesday. Federal Reserve officials crossing the newswires and weaker-than-expected US services sector data are a headwind for the US Dollar, which tumbled for the second day in a row. The GBP\/USD trades at 1.264, gains 0.56%.<\/p>\n The Institute for Supply Management (ISM) revealed a softer-than-expected Services PMI, along with Fed Chair Jerome Powell, reaffirming that interest rates would be cut, but it would depend on upcoming data.\u00a0 On the contrary, Atlanta\u2019s Fed President Raphael Bostic stood by his stance of just one rate cut, adding that it could happen in the last quarter of 2024. Read more…<\/a><\/p>\nGBP\/USD rises amid US Dollar weakness, mixed Fed messages<\/h2>\n