Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.3100

GBP/USD tumbles below 1.3100, as Chinese economic jitters stir safe-haven appeal

Pound Sterling drives lower as caution soars ahead of inflation data
The Pound Sterling (GBP) has slipped sharply to near 1.3060 as investors are shifting their focus toward the United Kingdom Consumer Price Index (CPI) data, which will be released on Wednesday at 06:00 GMT. The GBP/USD pair has dropped as investors are hoping that core inflation will remain elevated and the Bank of England (BoE) would be forced to continue its aggressive policy-tightening spell so that inflation could return to desired levels. This would in turn dampen the economic prospects of Britain economy. Read More...
GBP/USD keeps the bullish bias above 1.3000 – UOB
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