GBP/USD holds near 1.3550 as soft US PPI boosts Fed cut bets
The GBP/USD hoovers around the 1.3550 figure for the third straight day after the latest inflation report in the United States (US) showed that prices paid by producers dipped in August, increasing the chances for an interest rate cut by theFederal Reserve. Read More…
Pound Sterling wobbles against US Dollar, investors await US PPI data
The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, on Wednesday. The British currency demonstrates strength as themarket sentimentremains upbeat amid firm expectations that theFederal Reserve(Fed) will cut interest rates next week. Read More…
GBP/USD Price Forecast: Crucial upside barrier emerges near 1.3600, traders await US PPI release
The GBP/USD pair trades on a stronger note around 1.3540 during the early European session on Wednesday. Traders ramp up their bets that the USFederal Reserve(Fed) will lower the borrowing costs at its September 16-17 policy meeting, which weighs on theUS Dollar(USD) againstthe Cable. Traders await the US AugustProducer Price Index (PPI) data later on Wednesday, as it could help define thesize and scope of interest rate cuts from theUS central bank for next week and beyond. Read More…
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