British Pound futures retreated as U.S. dollar rebounded.
British Pound futures moved lower as the U.S. dollar recovered ground following recent weakness. After reaching high levels earlier in the week driven by inflation data and Fed testimony, the pound reversed course to trade near 1.3465. CME Group's CVOL index indicated that while daily volatility eased alongside falling prices, weekly volatility metrics remain elevated. Key economic indicators, including import and export prices, University of Michigan consumer sentiment, and housing data, are scheduled for release ahead of the weekend.
British Pound futures moved lower as the U.S. dollar recovered ground following recent weakness.
After reaching high levels earlier in the week driven by inflation data and Fed testimony, the pound reversed course to trade near 1.3465.
CME Group's CVOL index indicated that while daily volatility eased alongside falling prices, weekly volatility metrics remain elevated.
Key economic indicators, including import and export prices, University of Michigan consumer sentiment, and housing data, are scheduled for release ahead of the weekend.