Pound Sterling Price News and Forecast: GBP/USD steadies as cooler UK CPI meets Oil shock
British Pound steadies as cooler UK CPI meets Oil shock
The Pound Sterling holds firm during the North American session as UK inflation data dipped, easing pressure on the Bank of England to tackle higher prices, while attacks between the US and Iran don’t seem to be ending in the Middle East. The GBP/USD trades at 1.3377. Read More...
UK inflation cools and fiscal concerns grow: Why the British Pound is surrendering recent gains
The British Pound (GBP) is facing renewed downward pressure across major currency pairs, forfeiting its recent gains as market participants digest a combination of cooling domestic inflation and growing fiscal uncertainty surrounding Prime Minister Andy Burnham’s economic agenda. Read More...
British Pound remains depressed against US Dollar following soft UK inflation data
The British Pound (GBP) consolidates losses against the US Dollar (USD) on Wednesday, as a string of UK inflation figures provided some leeway for the Bank of England to maintain its “wait-and-see” stance through the coming months. The GBP/USD pair remains pinned near weekly lows, below 1.3400 following a nearly 1.2% decline in the last four days. Read More...
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