GBP/USD loses further ground after hot US CPI inflation print rocks rate cut bets
GBP/USD shed another two-thirds of one percent top-to-bottom on Tuesday, extending into an eighth consecutive day of Cable losses. The US Dollar (USD) caught a risk-off bid after US Consumer Price Index (CPI) inflation rose through June, reigniting fears of another pushback on the Federal Reserve’s expected pace of rate cuts through the year-end. Read More…
GBP/USD falls below 1.3400 as US inflation reignites Dollar rally
The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed signs of rising, the first indication that tariffs triggered a jump in prices. At the time of writing, the pair trades below 1.3400, down by 0.23%. Read More…
Pound Sterling trades with caution as US inflation takes centre stage
The Pound Sterling (GBP) trades cautiously against the US Dollar (USD) near a three-week low around 1.3430 on Tuesday. Investors brace for significant volatility in the GBP/USD pair as the United States (US) Consumer Price Index (CPI) data for June is scheduled to be published at 12:30 GMT. Read More…
