Pound Sterling Price News and Forecast: GBP/USD rebounds on soft CPI, boosting Fed cut bets

The Pound Sterling (GBP) recuperated from Monday’s losses and climbed up over 0.35% versus the United States Dollar ( USD) after the current inflation report in the United States ( United States) kept traders’ hopes high for more alleviating by the Federal Reserve ( Fed). GBP/USD trades at 1.3226 after bouncing off a daily low of 1.3165. Find out more …

Pound Sterling gets dramatically versus United States Dollar on slower United States inflation development

The Pound Sterling (GBP) leaps to near 1.3250 versus the United States Dollar (USD) throughout North American trading hours on Tuesday. The GBP/USD set enhances as the United States Dollar falls back after the United States ( United States) Customer Cost Index (CPI) report revealed that inflationary pressures cooled off in April. The United States Dollar Index (DXY), which tracks the Greenback’s worth versus 6 significant currencies, backtracks to near 101.40 from its month-to-month high around 102.00 published on Monday. Find out more …

GBP/USD leaps to near 1.3200 ahead of UK work, United States CPI releases

The GBP/USD set reaches near 1.3195 throughout the early European session on Tuesday. The Pound Sterling (GBP) edges greater versus the Greenback due to favorable advancements surrounding the United States and the UK trade arrangement recently. The UK work and United States inflation reports will be the highlights in the future Tuesday. Find out more …