GBP/USD gains some ground after British inflation data
The GBP/USD pair is currently trading slightly higher at 1.2448, tallying daily gains. Meanwhile, the USD’s rally was halted due to US Treasury yields declining, but the Greenback’s outlook is bright as the US economy remains strong and markets bet on a more aggressive Federal Reserve (Fed). Read More...
BoE’s A. Bailey: Inflation will drop strongly in the next month
Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March. Read More...
GBP/USD remains on the defensive above 1.2420, eyes on UK CPI data
The GBP/USD pair remains on the defensive around 1.2430 during the early Asian session on Wednesday. The further upside in the US Dollar (USD) from a hawkish tilt by Federal Reserve (Fed) Chair Jerome Powell and upbeat US Retail Sales data weighs on the GBP/USD pair. Investors will take more cues from the UK Consumer Price Index (CPI) on Wednesday. Read More...
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