GBPUSD: USD pauses, market pays attention to April core PCE data

USD pauses, market pays attention to April core PCE data

ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.