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In an environment of lack of liquidity in the market and light economic events in Europe and the United States, GBP/USD rose to 1.2632.
U.S. durable goods orders exceeded expectations while consumers worried about inflation, denting consumer confidence.
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Markets are eyeing an upcoming speech from Fed Governor Waller and the core PCE price index for potential rate cuts.
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GBP/USD is still up 0.05% after hitting a daily low of 1.2605. Friday is a holiday for Good Friday, trading hours have been shortened this week, and there is a general lack of liquidity in financial markets. At press time, GBP/USD was trading at 1.2632.
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