Pound Sterling: Rates Steady As UK Inflation Rises To 2.9%

UK inflation rose to 2.9% in July, but softer services prices kept the Bank of England outlook steady and left Pound Sterling little changed. The Pound to Dollar (GBP/USD) exchange rate edged higher towards 1.3552 after the UK inflation release, while GBP/EUR slipped to around 1.1686 as traders found little in the figures to force a rethink on interest rates.…

Pound-to-Euro Forecast: GBP Needs Stronger CPI To Recover Ground

Pound-Euro could rebound if UK inflation revives Bank of England rate hike bets, while hawkish ECB signals may keep Euro support intact. The Pound to Euro (GBP/EUR) exchange rate faced modest selling pressure on Tuesday, following the publication of the UK's latest jobs data. At the time of writing, the GBP/EUR exchange rate was trading at around €1.1688. Moderately down…

Euro strengthens above 1.1550 on fading Fed hike bets

The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session on Wednesday. The US Dollar (USD) softens against the Euro (EUR) as softer US inflation data dialed back expectations of tighter Federal Reserve (Fed) policy. Traders will take more cues from the European Central Bank (ECB) President Christine Lagarde’s speech later on Wednesday.The Fed is likely…

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