GBP/USD is trading at 1.2750, 0.06% down since previous day close. GBP/USD fluctuates in a tight channel at around 1.2750 in the European session on Wednesday. The US Dollar (USD) benefits from the negative shift seen in risk mood and doesn’t allow the pair to gain traction. The Fed will release the Beige Book later in the day. Meanwhile, the Relative Strength Index (RSI) indicator on the 4-hour chart edges lower toward 50 on Wednesday, highlighting a loss of bullish momentum.

US30 is trading at 38700. 0.64% down since previous day close. The Dow Jones Industrial Average- which is more economically sensitive than its peers, fell 0.6% to 38,852.86 points. Rate jitters mount amid hawkish Fedspeak, PCE watch Broader U.S. stocks were largely subdued in anticipation of key inflation data this week. PCE price index data, which is the Federal Reserve’s preferred inflation gauge, is due this Friday, and is likely to factor into the central bank’s outlook on interest rates.

SILVER is trading at 32.10, 1.49% up since previous day close. Silver prices (XAG/USD) broadly unchanged on Wednesday, according to data. Silver trades at $32.10 per troy ounce, steady from Tuesday. Investors might use this ratio to determine the relative valuation of Gold and Silver. Some may consider a high ratio as an indicator that Silver is undervalued – or Gold is overvalued – and might buy Silver or sell Gold accordingly. Conversely, a low ratio might suggest that Gold is undervalued relative to Silver.