GBP/USD slots slightly despite the deceleration of US inflation, focus on IPP
The sterling pound (GBP) depreciates slightly against the US dollar (USD) on Wednesday, since the United States inflation data (USA) revealed that the disinflation process continued. At the time of writing, the GBP/USD quotes at 1,2925, lowering 0.13%. Read more…
The sterling pound reaches a new four months against the US dollar after the US soft inflation report.
The sterling pound (GBP) records a new four months in 1,2980 against the US dollar (USD) in the American session on Wednesday. The GBP/USD torque is strengthened after the publication of the US Consumer Price Index (CPI) (USA) for February, which showed that inflationary pressures grew at a moderate rhythm. Read more…
GBP/USD quotes with negative bias below 1,2900, the bassist potential seems limited before the US CPI.
The GBP/USD pair goes back during the Asian session on Wednesday and erodes part of the strong movement of the previous day towards a maximum of more than four months, around the 1,2965 area. Cash prices currently contribute around the 1,2935 region, although the fall lacks bassist conviction, since operators expect to interest the publication of inflation figures to the US consumer before opening new directional positions. 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.
