GBP/USD flat amidst volatile session as US inflation cools down
The GBP/USD is virtually unchanged amid a volatile session that witnessed the pair traveling at around 90 plus pip range, directionless after a report of inflation in the United States (US). Initially boosted the
Pound Sterling (GBP), but in the end, the Greenback (USD) was bolstered. The pair is trading at 1.2556, almost flat.
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GBP/USD remains steady around 1.2550 with all eyes on US CPI
The Sterling is trading without a clear direction on Tuesday, moving both sides of the 1.2550 level, as the market braces for November’s US CPI reading.
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GBP/USD clings to gains near daily peak after mixed UK jobs data, focus remains on US CPI
The GBP/USD pair gains some positive traction for the second straight day on Tuesday, albeit struggles to capitalize on the move and remains below the overnight swing high. Spot prices move little following the release of the UK monthly jobs data and hold steady around the 1.2580-1.2585 region, up over 0.25% for the day.
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