Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric

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British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric

The Pound Sterling (GBP) drops against the US Dollar (USD) on Wednesday as traders digest hawkish comments from Federal Reserve (Fed) officials and Tuesday's hot US inflation report. At the time of writing, GBP/USD trades below the 1.3300 psychological figure, down 0.55%. Read More...

British Pound hangs near one-week low, eyes 1.3300 as Fed hike bets lift USD

The GBP/USD pair turns lower for the second straight day following an intraday uptick to the 1.3355 region on Wednesday, sliding back closer to a one-and-a-half-week low, which it touched the previous day. Spot prices, however, hold above the 1.3300 mark amid a combination of diverging forces, warranting caution for aggressive bearish traders. Read More...

British Pound edges higher as hopes for Iran diplomacy cap hot US CPI-inspired USD rally

The GBP/USD pair edges higher during the Asian session on Wednesday, moving away from a one-and-a-half-week low, around the 1.3300 neighborhood, touched the previous day. Spot prices currently trade near the 1.3350 area, though the fundamental backdrop warrants some caution before positioning for any meaningful appreciation. Read More...

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