GBP/USD hold steady near 1.3250 after mixed US economic data

The Pound Sterling is poised to conclude the week with gains against the US Dollar, influenced by positive US jobless claims data and mixed housing market indicators. Initial jobless claims for the week ending April 12 decreased to 215,000, surpassing expectations and indicating continued strength in the US labor market. Concurrently, robust wage growth in the UK, juxtaposed with moderating inflation, sustains speculation regarding potential Bank of England rate adjustments following the Easter holiday.
As of the latest observation, GBP/USD is trading at 1.3250, reflecting a 0.11% increase. US building permits exhibited growth, rising to 1.482 million from 1.459 million, exceeding the projected 1.45 million. However, housing starts declined from 1.494 million to 1.324 million, falling short of market expectations.