Pound Sterling Price News and Forecast: GBP/USD under pressure as hot PPI puts Fed hike in play

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British Pound under pressure as hot PPI puts Fed hike in play

The Pound Sterling (GBP) loses traction against the US Dollar (USD) on Thursday after the latest US producer inflation report, which exceeded estimates, prompting investors to price in a more hawkish Federal Reserve (Fed). At the time of writing, GBP/USD trades at 1.3525, down 0.17%. Read More...

GBP/USD Price Forecast: Positions above 1.3550, nine-day EMA support

GBP/USD remains stronger for the fourth successive day, trading around 1.3550 during the European hours on Thursday. The pair is maintaining a modest bullish bias as it holds above both the nine- and 50-day Exponential Moving Averages (EMAs). The alignment of short- and medium-term EMAs below price hints at a still constructive trend. Read More...

British Pound strengthens above 1.3550, all eyes on US PPI inflation release

The GBP/USD pair gains traction to near 1.3555 during the early European session on Thursday, bolstered by a weaker US Dollar (USD). Markets might turn cautious later in the day ahead of the release of the US Producer Price Index (PPI) data. Read More...

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