Pound Sterling Price News and Forecast: GBP/USD shakes off US CPI jolt as UK growth steals spotlight

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British Pound shakes off US CPI jolt as UK growth steals spotlight

The Pound Sterling (GBP) climbs slightly against the US Dollar (USD) on Friday, up 0.10%, as the latest US consumer inflation report came in line with forecasts, and although money markets have increased the odds of a Federal Reserve (Fed) rate hike next week, traders faded the initial reaction. At the time of writing, the GBP/USD pair trades back at 1.3524 after dipping to around 1.3470 on the Consumer Price Index (CPI) release. Read More...

GBP/USD Price Forecast: Flat lines near 1.3500 as bulls shrug off UK GDP ahead of US CPI

The GBP/USD pair struggles to capitalize on its modest intraday gains and trades near the 1.3500 psychological mark during the first half of the European session on Friday. Spot prices, however, hold above the weekly low as traders await the release of the latest US consumer inflation figures before placing fresh directional bets. Read More...

British Pound jumps after strong UK monthly GDP data

The British Pound (GBP) attracts significant bids against its peers, with the GBP/USD pair rising to near 1.3518, as the United Kingdom (UK) Office for National Statistics (ONS) has reported strong monthly Gross Domestic Product (GDP) data for July. Read More...

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