GBP/USD falls below 1,2400 after US CPI data.
The sterling pound (GBP) fell during the US session after the latest United States inflation report (USA) showed that prices continued to rise, delaying the expectations of a federal reserve rates cut (Fed) (Fed) in the first half of 2025. The GBP/USD torque is quoted at 1,2387, lowering 0.47%. Read more…
The sterling pound collapses against the US dollar due to US CPI data.
The sterling pound (GBP) falls about 1,2380 from the maximum intra -diameter of 1,2450 against the US dollar (USD) in the American session on Wednesday. The GBP/USD torque falls vertically while the US dollar is strengthened after the publication of the United States Consumer Price Index (USA) for January, which was higher than expected. The dollar index (DXY), which follows the value of the dollar against six main currencies, jumps about 108.50. Read more…
GBP/USD maintains profits about 1,2450, risks appear down due to a hard line Fed
The GBP/USD remains stable after registering profits in the previous session, quoting around 1,2450 during Wednesday’s Asian hours. However, the torque could face challenges since the 25% increase in the tariffs of the US president Donald Trump has increased the tensions of the commercial war. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
