Pound Sterling Price News and Forecast: GBP/USD tumbles to two-month low below 1.3000 on soft UK CPI
GBP/USD Price Forecast: Tumbles to two-month low below 1.3000 on soft UK CPI
The Pound Sterling dived following a softer-than-expected UK inflation report, which dragged the GBP/USD exchange rate to a two-month low of 1.2981. Although it has recovered some ground, the pair is losing 0.49% and trades at 1.3008 at the time of writing. Read More…
Pound Sterling tumbles as dovish BoE bets swell after soft UK Inflation
The Pound Sterling (GBP) faces an intense sell-off as the United Kingdom (UK) Office for National Statistics (ONS) has published a soft Consumer Price Index (CPI) report for September. The CPI report showed that the annual headline inflation softened to 1.7%. Price pressures were expected to decelerate but at a slower pace to 1.9% from 2.2% in August. Month-on-month headline inflation remained flat. Read More…
GBP/USD Price Forecast: Remains confined in a range below 1.3100 ahead of UK CPI
The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3070-1.3075 region, nearly unchanged for the day, as traders opt to wait on the sidelines ahead of the UK consumer inflation figures. Read More…
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