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GBP/USD slipped toward 1.3500 after the second estimate of US Q2 GDP showed 3.3% annualized growth, above the 3.1% forecast. Core PCE for the preliminary reading rose 2.5% quarter-on-quarter, below the 2.6% forecast.
Traders awaited the July PCE report amid dovish Fed expectations.
Strong growth alongside easing inflation supports Fed cut expectations that weigh on the dollar, which can help dollar-priced commodity demand from non-US buyers.
fxstreet.comVishal ChaturvediAug 28, 2025Not enough comparable past events yet for a historical read.
After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
