GBP/USD Price Forecast: Retreats below 1.3100 as traders eye key US CPI data
The GBP/USD is on the backfoot after spiking to a daily high of 1.3107 after a solid UK jobs report, though it has retreated below the 1.31 handle as traders await the release of US inflation data. At the time of writing, the pair trades at 1.3052, down 0.17%. Read More...
Pound Sterling declines against US Dollar with US inflation on horizon
The Pound Sterling (GBP) trades higher against its major peers, except the US Dollar (USD) and the Canadian Dollar (CAD), in Tuesday’s New York session after the release of the mixed United Kingdom (UK) Employment report for the three months ending in July. The British currency strengthens as the UK Office for National Statistics (ONS) reported a robust labor demand, while the wage growth eased broadly in line with expectations. Read More...
GBP/USD falls to near 1.3050 due to less likelihood of an aggressive Fed rate cut
GBP/USD extends its losing streak for the third successive day, trading around 1.3060 during the Asian session on Tuesday. The downside of the pair could be attributed to the improved US Dollar (USD), which received support as recent US labor data raised uncertainty over the likelihood of an aggressive interest rate cut by the Federal Reserve (Fed) at its September meeting. Read More...
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AUD/USD traded in an inconclusive fashion in line with the broader sentiment in the FX galaxy, hovering around the 0.6660 zone as investors got ready for the release of US CPI data on Wednesday.
EUR/USD looked under pressure and approached 1.1000
EUR/USD navigated with modest losses and traded at shouting distance from the key support at 1.1000 the figure amidst a vacillating mood in the Greenback prior to the publication of US inflation readings.
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