The sterling pound is quietly while the US inflation occupies the center of the stage
The pound sterling (GBP) is quoted with caution against the US dollar (USD) about a minimum of three weeks around 1,3430 on Tuesday. Investors prepare for significant volatility in the GBP/USD PAR, since the United States Consumer Price Index (IPC) (US) for June is scheduled to be programmed at 12:30 GMT.
Before the US inflation data, the American dollar index (DXY), which tracks the value of the dollar against six main currencies, quits slightly below the maximum of three weeks around 98.00. Investors will pay attention to US CPI data, as they will provide clarity on the impact of tariffs imposed by President Donald Trump on inflation. Federal Reserve officials (FED) have been arguing in favor of maintaining interest rates at their current levels until they obtain clarity about how much Trump’s tariff policies will impact on prices, and the publication of the CPI could offer some ideas about it. Read more…
GBP/USD in the point of break: will bulls roar again?
The GBP/USD extended its fall below the single mobile average (SMA) of 50 days After the governor of the Bank of England, Andrew Bailey, expressed his willingness to implement larger rates cuts if the labor market shows signs of weakness, according to an interview with The Times.
The US and the United Kingdom IPC figures, which will be published today and tomorrow respectively, are expected to show some persistence in inflation, and the pair is already around a possible pivot zone, quoting around the 2025 support trend line in 1,3400. Notably, the fibonacci setback of 23.6% of the 2025 upward trend is also close, in 1,3390. 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.
