The Pound Sterling is poised to conclude the week with gains against the US Dollar, influenced by positive US labor market indicators and mixed housing data. Initial Jobless Claims for the week ending April 12 decreased to 215,000, surpassing expectations and indicating continued labor market strength. Concurrently, UK wage growth remains robust despite moderating inflation, sustaining speculation regarding potential Bank of England rate cuts following the Easter holiday. As of the time of writing, GBP/USD is trading at 1.3250, reflecting a 0.11% increase. US Building Permits exhibited growth, rising to 1.482 million, exceeding the anticipated 1.45 million. Conversely, Housing Starts declined to 1.324 million, falling short of the projected 1.494 million.
