GBP/USD climbs as mixed US inflation data bolsters Fed rate cut expectations
The British Pound (GBP) gains traction against the US Dollar (USD) on Thursday, with GBP/USD reversing earlier losses as investors digested a mixed US inflation report that failed to shake expectations of a Federal Reserve (Fed) interest rate cut next week. At the time of writing, the pair is trading around 1.3540, recovering decisively from intraday lows near 1.3493. Read More…
Pound Sterling declines against US Dollar ahead of US inflation data
The Pound Sterling (GBP) slides to near 1.3500 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair is expected to trade cautiously ahead of the United States (US) Consumer Price Index (CPI) data for August, which will be published at 12:30 GMT. Read More…
GBP/USD treads water above 1.3500, stays muted after RICS Housing Price Balance
GBP/USD moves little for the second successive day, trading around 1.3520 during the Asian hours on Thursday. The pair holds steady after the United Kingdom’s (UK) RICS Housing Price Balance fell to -19% in August, its weakest level in nearly two years, down from -13% in July, as subdued buyer demand continues to pressure prices. The reading was worse than expected -10 reading for the same period. Read More…
