British Pound hovers near 1.3400 as hot US CPI weighs on USD
The Pound Sterling (GBP) rises by over 0.19% on Wednesday after US inflation matched estimates, though the headline Consumer Price Index (CPI) reached a three-year high in May. The GBP/USD pair trades near 1.3400 after bouncing off daily lows of 1.3362. Read More…
British Pound gains ground to near 1.3400 ahead of US CPI release
The GBP/USD pair trades in positive territory around 1.3390 during the early European trading hours on Wednesday. Markets might turn cautious later in the day ahead of the US May Consumer Price Index (CPI) inflation report. On Friday, the monthly UK Gross Domestic Product data will be in the spotlight. Read More…
British Pound consolidates below 1.3400 vs USD amid fresh Iran tensions, ahead of US CPI
The GBP/USD pair struggles to capitalize on its recovery gains recorded over the past two days, from a three-week low, and oscillates in a narrow band during the Asian session on Wednesday. Spot prices currently trade around the 1.3365-1.3370 area, nearly unchanged for the day, as traders opt to wait for further developments surrounding the Middle East crisis and the release of the latest US consumer inflation figures. Read More…
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