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Pound Sterling Price News and Forecast: GBP/USD holds near 1.3500 as US CPI, UK GDP loom
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FXStreet Forex & Commodities News
British Pound holds near 1.3500 as US CPI, UK GDP loomThe Pound Sterling (GBP) holds firm against the US Dollar (USD) on Tuesday following the release of softer-than-expected US jobs data, while investors await US inflation data on Wednesday and UK GDP releases on Thursday.
At the time of writing, the GBP/USD pair trades at 1.3508, nearly unchanged.
Read More...British Pound consolidates around 1.3500 vs USD; looks to US CPI, UK GDP for fresh impetusThe GBP/USD pair seesaws between tepid gains and minor losses through the early European session on Tuesday, though it remains close to the highest level since July 16 set the previous day.
Read More...British Pound clings to gains against US Dollar, US CPI in focusThe British Pound (GBP) holds onto two-day gains marginally at around 1.3500 against the US Dollar (USD) during the Asian trading session on Tuesday.
The GBP/USD pair remains firm as the British Pound outperforms despite financial markets pricing out the possibility of an interest rate hike by the Bank of England (BoE) in the near term.