Pound Sterling Price News and Forecast: GBP/USD falls below 1.34 as hot US CPI puts 50-bps Fed hike in play

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British Pound falls below 1.34 as hot US CPI puts 50-bps Fed hike in play

The Pound Sterling (GBP) dives over 0.40% against the US Dollar (USD) on Tuesday as hot US inflation suggests the Federal Reserve’s (Fed) job is not done. Fed Governor Christopher Waller was hawkish, hinting that a 50-basis-point (bps) hike would be warranted if the core CPI came in at 0.3% MoM, with the data fulfilling his forecast. At the time of writing, GBP/USD trades at 1.3396. Read More...

GBP/USD Price Forecast: Pound bulls fail to find follow-through above 1.3450

The British Pound (GBP) trims some gains on Tuesday, with the US Dollar (USD) drawing support from hawkish comments by Federal Reserve (Fed) Governor Christopher Waller earlier in the day. GBP/USD dips, however, remain contained above 1.3420 so far, with the pair holding most of Monday's gains. Read More...

British Pound turns upside down against USD as Fed’s Waller warns of bigger rate hike

The British Pound (GBP) gives back its early gains and turns negative at around 1.3430 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair drops as the US Dollar recovers quickly, following hawkish remarks from Federal Reserve (Fed) Governor Christopher Waller. Read More...

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