Pound Sterling Price News and Forecast: GBP/USD retreats below 1.3100 as traders eye key US CPI data

FXStreet Team FXStreet

GBP/USD Price Forecast: Retreats below 1.3100 as traders eye key US CPI data

The GBP/USD is on the backfoot after spiking to a daily high of 1.3107 after a solid UK jobs report, though it has retreated below the 1.31 handle as traders await the release of US inflation data. At the time of writing, the pair trades at 1.3052, down 0.17%. Read More...

Pound Sterling declines against US Dollar with US inflation on horizon

The Pound Sterling (GBP) trades higher against its major peers, except the US Dollar (USD) and the Canadian Dollar (CAD), in Tuesday’s New York session after the release of the mixed United Kingdom (UK) Employment report for the three months ending in July. The British currency strengthens as the UK Office for National Statistics (ONS) reported a robust labor demand, while the wage growth eased broadly in line with expectations. Read More...

GBP/USD falls to near 1.3050 due to less likelihood of an aggressive Fed rate cut

GBP/USD extends its losing streak for the third successive day, trading around 1.3060 during the Asian session on Tuesday. The downside of the pair could be attributed to the improved US Dollar (USD), which received support as recent US labor data raised uncertainty over the likelihood of an aggressive interest rate cut by the Federal Reserve (Fed) at its September meeting. Read More...

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