The GBP/USD rebounds after the Fall of the US PPI and Powell’s possible dismissal by Trump
The GBP/USD pair reverses its course and rebounds as the latest US Price Price Index (PPI) of the US rekindles the hopes of a feat cut by the Federal Reserve (Fed), while the holders suggest that US President Donald Trump could consider saying goodbye to the president of the FED, Jerome Powell. At the same time, inflation on the consumer side in the United Kingdom surprised investors, exceeding forecasts. At the time of writing, the PAR is quoted at 1,3454, with an increase of 0.55%. Read more…
The sterling pound rises as the United Kingdom inflation accelerates more than expected
The sterling pound (GBP) attracts offers in front of its main peers on Wednesday after the publication of data from the United Kingdom Consumer Price Index (CPI) for June, which were hotter than projected. Read more…
The GBP/USD quotes with positive bias below 1,3400, remains close to minimum of several weeks before the United Kingdom CPI
The GBP/USD torque rises slightly during the Asian session on Wednesday, although it lacks tracking purchases and remains below the round level of 1,3400. In addition, cash prices remain close to a minimum of three and a half weeks reached on Tuesday and seem vulnerable to prolonging the recent downward trajectory observed in the last two weeks. 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.
