GBP/USD bounces through the weak CPI, promoting Fed fees cutting bets
The sterling pound (GBP) recovered from Monday’s losses and rose more than 0.35% against the US dollar (USD) after the latest inflation report in the United States (USA) maintained the hopes of high operators for greater relief by the Federal Reserve (Fed). The GBP/USD is quoted in 1,3226 after bouncing a daily minimum of 1,3165. Read more…
The sterling pound wins strongly against the US dollar for the slowest inflation growth in the US.
The sterling pound (GBP) jumps to about 1,3250 against the US dollar (USD) during negotiation hours in North America on Tuesday. The GBP/USD torque is strengthened as the US dollar goes back after the United States Consumer Price Index (US) shows that inflationary pressures cooled in April. The dollar index (DXY), which follows the value of the dollar against six main currencies, goes back to about 101.40 from its maximum monthly around 102.00 registered on Monday. Read more…
GBP/USD jumps about 1,3200 before the United Kingdom’s employment and US employee publications.
The GBP/USD torque rises to about 1,3195 during the first European session on Tuesday. The sterling pound (GBP) advances against the dollar due to positive developments around the commercial agreement between the US and the United Kingdom last week. The United Kingdom employment and inflation reports of the US will be the points highlighted later on Tuesday. 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.
