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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.
Markets are eyeing an upcoming speech from Fed Governor Waller and the core PCE price index for potential rate cuts.
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.
