- GBP/USD builds on weekly gains and rises toward 1.3100 on Friday.
- China’s retaliation against heightened US tariffs put additional weight on the USD.
- The US economic calendar will feature producer inflation data for March.
After closing the third consecutive day in positive territory on Wednesday, GBP/USD preserves its bullish momentum and rises about 1% on the day at around 1.3100.
Later in the session, the Producer Price Index (PPI) for March and the University of Michigan’s preliminary Consumer Confidence Index data for April will be featured in the US economic calendar.
Investors will also pay close attention to fresh developments surrounding the US-China trade conflict heading into the weekend.
