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GBP/USD edges lower after US inflation data suggests Fed to take a measured approach to easing GBP/USD is trading marginally lower in the 1.3060s on Wednesday after the release of US inflation data leads to an appreciation in the US Dollar (USD) amid prospects of a more measured approach to easing from the Federal Reserve (Fed) whilst the Pound Sterling (GBP) loses ground following the release of flat economic growth data. Read More…   GBP/USD eases from daily top on weaker UK data, hovers around 1.3100 ahead of US CPI The GBP/USD pair builds on the overnight modest bounce from the 1.3050-1.3045 region, or over a three-week trough and gains some follow-through positive traction for the second successive day on Wednesday. Spot prices, however, struggle to capitalize on the move beyond the 1.3100 mark and retreat a few pips in the last hour following the release of the UK macro data. Read More…   GBP/USD climbs back closer to 1.3100, upside seems limited ahead of UK data/US CPI The GBP/USD pair regains positive traction during the Asian session on Wednesday and climbs to a fresh daily peak, closer to the 1.3100 round-figure mark in the last hour. Spot prices, however, remain below the overnight swing high, warranting some caution before positioning for any meaningful recovery from a three-week low, around the 1.3050-1.3045 region touched the previous day. Read More…     Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-edges-lower-after-us-inflation-data-202409111643

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Filed under: News - @ September 11, 2024 5:28 pm