Pound Sterling Price News: GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing

FXStreet Team FXStreet

GBP/USD tumbles under 1.3400 as soft CPI all but guarantees BoE easing

GBP/USD drops below 1.3400 on Wednesday as the latest inflation report in the UK dipped sharply ahead of the Bank of England’s (BoE) monetary policy decision. At the same time, the Greenback recovers some ground a headwind for Sterling. At the time of writing, the pair hovers around 1.3350 down 0.48%. Read More...

Pound Sterling plunges as UK inflation cools down, boosts BoE dovish bets

The Pound Sterling (GBP) faces intense selling pressure against its major currency peers on Wednesday and slides over 0.7% to near 1.3310 against the US Dollar (USD), following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for November. Read More...

GBP/USD gains ground above 1.3400 on UK PMI optimism

The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday. Read More...

Author

FXStreet Team

FXStreet

EUR/USD flirts with three-day lows near 1.1570

EUR/USD resumes its march south on Thursday, revisting the 1.1570 region, or three-day lows, ahead of the opening bell in Asia. The intense sell-off in the pair comes in response to the solid performance of the US Dollar amid the still unresolved crisis in the Middle East. Moving forward, investors are expected to shift their focus to the release of the US NFP on Friday.

GBP/USD stays offered near 1.3340

GBP/USD fades Wednesday’s uptick and trades with decent losses in the 1.3340 zone in the latter part of Thursday’s session. Cable’s weakness, alongside the rest of the risk complex, follows the strong performance of the Greenback amid intense geopolitical jitters.

Gold: further weakness could challenge $5,000

Gold comes under fresh selling pressure on Thursday, slipping back below the $5,100 mark per troy ounce. Persistent strength in the US Dollar (USD) is preventing the yellow metal from building a meaningful recovery, even as markets remain risk-averse amid the deepening conflict in the Middle East.

XRP rises as crypto market steadies despite Middle East war

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.