GBP/USD is trading at 1.27765, 0.12% down since previous day close. The Pound Sterling fell as UK GDP and factory data met expectations. BoE rate-cut expectations for August strengthened due to weak employment data. Market sentiment turned cautious as Fed rate cut hopes for June eased. The UK economy grew by 0.2% in January, indicating a shallow recession and improving economic prospects. As seen in the chart, the pair has been bullish since days, now it faces the rejection, downside is expected today.

US100 is trading at 18209.7, 0.03% down since previous day close. European stock markets traded subdued on Friday, awaiting the release of the U.S. jobs report. The European Central Bank left interest rates unchanged at record highs, but acknowledged inflation is easing faster than expected, potentially opening the way for rate cuts later this year. The U.S. central bank is “not far” from gaining confidence in falling inflation to begin cutting interest rates. Informa’s stock rose 2% after a 30% increase in revenues. As seen in the chart, After a continuous bullish momentum, a continuation of the bullish rally is expected today.

WTI is trading at 78.69, 1.40% up since previous day close. WTI US Crude Oil prices are under selling pressure due to diverging forces and mixed fundamental cues. The commodity remains confined in the previous day’s broader trading range, but remains above mid-$77.00s. Concerns about a slowdown in China and stronger-than-expected US inflation fuel downward pressure on Crude Oil prices. Market participants now look to official US inventory data for short-term trading impetus. As seen in the chart, WTI is moving towards resistance, upward moment is expected, if breakout happened.