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Pound Sterling Price News and Forecast: GBP/USD dips despite upbeat UK's inflation report

GBP/USD dips despite upbeat UK's inflation report, eyes on BoE and Fed remarks

The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611. Read More...

Pound Sterling remains on backfoot as soft UK CPI data prompt BoE rate-cut hopes

The Pound Sterling (GBP) finds interim support in Wednesday’s early New York session. The broader outlook is bearish as the United Kingdom Office for National Statistics (ONS) has reported softer-than-anticipated inflation data for January. Annual headline and core Consumer Price Index (CPI) rose steadily by 4.0% and 5.1%, respectively, while the monthly headline figure deflated significantly by 0.6%. Read More...

GBP/USD Price Analysis: Trades with a positive bias around 1.2600 ahead of UK CPI

The GBP/USD pair attracts some dip-buying during the Asian session on Wednesday and for now, seems to have stalled the previous day's sharp pullback from the vicinity of the 1.2700 mark, or over a one-week top. The uptick, however, lacks bullish conviction, with spot prices struggling to capitalize on the move beyond the 1.2600 round figure ahead of the UK CPI report. Read More...
 

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