GBP/USD climbs as US CPI miss fuels Fed rate cut bets
GBP/USD advances on Wednesday during the North American session, boosted by a weaker-than-expected consumer inflation report in the United States (US), which increased speculation that the Federal Reserve (Fed) may reduce borrowing costs twice in 2025. At the time of writing, the pair trades at 1.3537, up 0.34%. Read More…
GBP/USD holds above 1.3500 as USD loses strength after CPI
Following Tuesday’s sharp decline, GBP/USD stages a rebound and trades above 1.3500 in the American session on Wednesday. At the time of press, the pair was up 0.23% on the day at 1.3528. Read More…
Pound Sterling edges lower against US Dollar ahead of US inflation data
The Pound Sterling (GBP) ticks lower to near 1.3480 against the US Dollar (USD) during late European trading hours on Wednesday. The GBP/USD pair faces slight selling pressure, while the US Dollar consolidates ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. Read More…
