The post GBP/USD recovers losses against US Dollar appeared on BitcoinEthereumNews.com.

The Pound Sterling (GBP) recovers intraday losses and edges higher to near 1.2770 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair moves higher after the release of the United States (US) Consumer Price Index (CPI) data for November, which showed that inflationary pressures rose in line with expectations. Read More… GBP/USD extends its winning streak for the third successive session, trading around 1.2780 during the Asian hours on Wednesday. The Pound Sterling (GBP) gains support against its major peers as traders become increasingly confident that the Bank of England (BoE) will keep its interest rates unchanged at 4.75% in December’s monetary policy decision. Read More…   GBP/USD found some room on the high side on Tuesday, gaining almost 0.2% and inching back toward the 1.2800 handle, grasping for the key price level that has flummoxed bullish momentum in recent days. Cable traders are buckling up for the wait to Wednesday’s US Consumer Price Index (CPI) inflation update. Read More… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-recovers-losses-against-us-dollar-202412111741

---

Filed under: News - @ December 11, 2024 10:28 pm