{"id":378703,"date":"2025-03-05T22:28:15","date_gmt":"2025-03-05T16:58:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/gbp-usd-surges-as-weak-us-data-fuels-fed-rate-cut-bets-crypto-news\/"},"modified":"2025-03-05T22:31:54","modified_gmt":"2025-03-05T17:01:54","slug":"gbp-usd-surges-as-weak-us-data-fuels-fed-rate-cut-bets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-surges-as-weak-us-data-fuels-fed-rate-cut-bets-crypto-news\/","title":{"rendered":"GBP\/USD surges as weak US data fuels Fed rate-cut bets &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<h2 class=\"fxs_headline_medium\">GBP\/USD surges as weak US data fuels Fed rate-cut bets<\/h2>\n<div>\n<p>The Pound Sterling (GBP) extended its gains versus the US Dollar (USD) on Wednesday, as market participants punished the latter. Market participants priced in additional monetary policy easing by the\u00a0<a rel=\"nofollow\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Federal Reserve<\/a>\u00a0(Fed). United States (US) data shows the economy is weakening, with businesses and consumers turning pessimistic, mostly on trade policies. GBP\/USD is trading\u00a0at 1.2864, up over 0.55%. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-surges-as-weak-us-data-fuels-fed-rate-cut-bets-202503051521\" target=\"_blank\">Read More&#8230;<\/a><\/p>\n<\/p>\n<h2 class=\"fxs_headline_medium\">Pound Sterling strengthens against US Dollar as US ADP Employment misses estimates<\/h2>\n<\/div>\n<div>\n<p>The Pound Sterling (GBP)\u00a0jumps to near 1.2850 against the US Dollar (USD) in North American\u00a0trading hours on Wednesday, the highest level seen since November 12. The GBP\/USD pair extends its winning streak for the third trading day due to continuous underperformance from the US Dollar. The US\u00a0<a rel=\"nofollow\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">Dollar Index<\/a>\u00a0(DXY), which tracks the Greenback\u2019s value against six major currencies, slumps to near 105.00. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-demonstrates-strength-ahead-of-boe-baileys-testimony-202503051028\" target=\"_blank\">Read More&#8230;<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/_GBP_USD_2025-03-05_15-25-48-638767672365776690.png\"\/><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD holds positive ground near 1.2800, Bailey&#8217;s testimony in focus<\/h2>\n<\/div>\n<div>The GBP\/USD pair trades with mild gains to near 1.2790 during the early European trading hours on Wednesday. The US Dollar (USD) hovered near a three-month low amid concerns over slowing US economic growth and the impact of tariffs. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-holds-positive-ground-near-12800-baileys-testimony-in-focus-202503050527\" target=\"_blank\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD surges as weak US data fuels Fed rate-cut bets The Pound Sterling (GBP) extended its gains versus the US Dollar (USD) on Wednesday, as market participants punished the latter. Market participants priced in additional monetary policy easing by the\u00a0Federal Reserve\u00a0(Fed). United States (US) data shows the economy is weakening, with businesses and consumers turning [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":372693,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,366,641,255,250,252,247,253,249,308,256,254],"class_list":["post-378703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","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\/378703","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=378703"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378703\/revisions"}],"predecessor-version":[{"id":378706,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378703\/revisions\/378706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/372693"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=378703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=378703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=378703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}