Pound Sterling Price News and Forecast: GBP/USD plunged below 1.2300

GBP/USD plunged below 1.2300 post US data amidst a buoyant USD

The Pound Sterling (GBP) extended its losses to three straight days against the US Dollar (USD), albeit a report from the Commerce Department showed that inflation continued to ease, incrementing expectations that US Federal Reserve’s (Fed) rate hikes would moderate. At the time of typing, the GBP/USD is trading at 1.2291. Read More...
 

GBP/USD remains depressed near 1.2300 mark, multi-day low amid stronger USD

The GBP/USD pair attracts fresh sellers following an early uptick to the 1.2370 area and turns negative for the third successive day on Tuesday. The downward trajectory drags spot prices to a four-day low during the first half of the European session, with bears now awaiting a break below the 1.2300 mark before placing fresh bets. Read More...
 

UK public inflation expectations for 12 months ahead fall to 5.4% in Jan – Citi/YouGov survey

The UK public's inflation expectations cooled off for the second straight month in January, a monthly survey conducted by Citi and YouGov showed on Tuesday. Read More...

 

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