Pound Sterling Price News and Forecast: GBP/USD slips as softer UK inflation boosts BoE dovish bets

FXStreet Team FXStreet

GBP/USD slips as softer UK inflation boosts BoE dovish bets

The GBP/USD retreats on Thursday, down over 0.21% after the latest inflation report in the United Kingdom, increased the odds for a Bank of England rate cut by the end of the year. At the time of writing, the pair trades at 1.3326 after reaching a high of 1.3359. Read More...

Pound Sterling ticks lower against US Dollar, US CPI comes under spotlight

The Pound Sterling (GBP) drops slightly to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges down after comments from Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra signaling that United States (US) tariffs could put downward pressure on prices in the United Kingdom (UK) economy. Read More...

GBP/USD slips below 1.3350 as traders adopt caution due to US data blackout

GBP/USD extends its losing streak for the fifth consecutive day, trading around 1.3340 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) draws support due to increased risk aversion as traders are expected to approach the United States (US) inflation data due on Friday cautiously amid the ongoing government shutdown and resulting data blackout. Read More...

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