Pound Sterling Price News and Forecast: GBP/USD surges as hot US PPI fails to revive Fed hike bets

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British Pound surges as hot US PPI fails to revive Fed hike bets

The Pound Sterling registers solid gains against the US Dollar, even though the latest US inflation data, instead of fueling speculation for a Fed hike in October, is nearly cementing the case for December. The GBP/USD trades at 1.3267, up 0.56%, after reaching a low of 1.3184. Read More...

Pound Sterling Price News and Forecast: GBP pares losses and nears range top at 1.3300

The British Pound (GBP) retraces Wednesday’s losses against the US Dollar (USD) on Thursday, as upbeat UK macroeconomic data has offset the negative impact of Bank of England’s (BoE) Chief Economist Huw Pill's comments. The GBP/USD has returned to the mid-range of the 1.3200s, after testing year-to-date lows around 1.3140 the previous day, and approaches the last three weeks’ range top, at the 1.3300 area. Read More...

GBP/USD Price Forecast: Pound pares losses and nears range top at 1.3300

The British Pound (GBP) retraces Wednesday’s losses against the US Dollar (USD) on Thursday, as upbeat UK macroeconomic data has offset the negative impact of Bank of England’s (BoE) Chief Economist Huw Pill's comments. The GBP/USD has returned to the mid-range of the 1.3200s, after testing year-to-date lows around 1.3140 the previous day, and approaches the last three weeks’ range top, at the 1.3300 area. Read More...

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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