GBP/USD is trading at 1.26412, 0.10% down since previous day close. GBP/USD is trading lower to 1.2658 due to weaker USD and a dovish tilt by the Bank of England. The UK Retail Sales are due on Friday, forecasting a 0.3% fall in February. The BoE kept interest rates at 5.25%, while the Fed held the rate steady at 5.25–5.50%. Market players will focus on UK February Retail Sales and Fed Chair Jerome Powell and Michael Barr’s speech. As seen in the chart, the pair has been in a downtrend, Hence, downside moment is expected if breaches the support.

US30 is trading at 40229, 0.04% up since previous day close. The Fed has maintained steady interest rates and projections for at least three rate cuts this year, despite inflation sticking to its 2% annual target. This has increased expectations that the central bank will begin cutting rates by June. This has led to investors investing in risk-heavy assets, with equities benefiting the most. The Dow Jones Industrial Average rose 0.7% to close at 39,781.37 points. As seen in the chart, the index has broke the resistance, hence could show an upside momentum.

WTI is trading at 80.51, 0.65% down since previous day close. WTI US Crude Oil prices are under pressure for the third consecutive day due to hopes for a ceasefire in Gaza and tightening global supply. However, concerns about lower fuel production from Russian refineries, OPEC+ production cuts, and a stronger US economy and potential recovery in China could cushion the downside and potentially boost Crude Oil prices. As seen in the chart, has a breakout  resistance, after a rejection it could go slight down than will take a upside moment.