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Pound Sterling traders keenly await the release of the high-impact Consumer Price Index (CPI) data from the United Kingdom (UK) on Wednesday, for fresh hints on the timing of the Bank of England’s (BoE) first interest rate cuts this year, as the BoE policymakers continue to push back against expectations of early rate cuts.
The Pound Sterling (GBP) falls vertically in Tuesday’s early New York session as stubborn United States Consumer Price Index (CPI) data for January has dampened market sentiment.
Gold price (XAU/USD) faces a sell-off as the United States Bureau of Labor Statistics (BLS) has reported stubborn Consumer Price Index (CPI) data for January.
Gold price (XAU/USD) fails to build on the overnight bounce from the $2,020 region and oscillates in a familiar trading range during the Asian session on Friday.
The EUR/USD pair continues with its struggle to move back above the 100-day Simple Moving Average (SMA) support-turned-resistance and remains below the 1.0800 mark through the early European session on Friday.