Pound Sterling Price News: GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing

GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing

GBP/USD drops below 1.3400 on Wednesday as the latest inflation report in the UK dipped sharply ahead of the Bank of England’s (BoE) monetary policy decision. At the same time, the Greenback recovers some ground a headwind for Sterling. At the time of writing, the pair hovers around 1.3350 down 0.48%. Read More…

Pound Sterling plunges as UK inflation cools down, boosts BoE dovish bets

The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.7% to near 1.3310 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November. Read More…

GBP/USD gains ground above 1.3400 on UK PMI optimism

The GBP/USD pairgains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers’ Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday.Read More…