Breaking News: Hot UK CPI Augments Pound, GBP/USD Above 1.24
GBP/USD rallied on the back of sticky inflation figures particularly from the core metric pushing cable above the 1.24 support handle.
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GBP/USD rallied on the back of sticky inflation figures particularly from the core metric pushing cable above the 1.24 support handle.
GBP/USD looks to central bank speakers today from both the BoE and Fed while US jobless claims data dominates the economic calendar.
GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.
GBP/USD lingers near yearly swing highs but today’s Halifax house price index has dampened recent upside ahead of US CPI and the Bank of England (BoE).
The GBP/USD will begin this week of trading near the 1.26300 level which essentially is near values seen in June of last year.