Pound Sterling Price News and Forecast: GBP/USD holds near 1.3550 as soft US PPI boosts Fed cut bets

FXStreet Team FXStreet

GBP/USD holds near 1.3550 as soft US PPI boosts Fed cut bets

The GBP/USD hoovers around the 1.3550 figure for the third straight day after the latest inflation report in the United States (US) showed that prices paid by producers dipped in August, increasing the chances for an interest rate cut by the Federal Reserve. Read More...

Pound Sterling wobbles against US Dollar, investors await US PPI data

The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, on Wednesday. The British currency demonstrates strength as the market sentiment remains upbeat amid firm expectations that the Federal Reserve (Fed) will cut interest rates next week. Read More...

GBP/USD Price Forecast: Crucial upside barrier emerges near 1.3600, traders await US PPI release

The GBP/USD pair trades on a stronger note around 1.3540 during the early European session on Wednesday. Traders ramp up their bets that the US Federal Reserve (Fed) will lower the borrowing costs at its September 16-17 policy meeting, which weighs on the US Dollar (USD) against the Cable. Traders await the US August Producer Price Index (PPI) data later on Wednesday, as it could help define the size and scope of interest rate cuts from the US central bank for next week and beyond. Read More...

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