British Pound Edges Higher After US Inflation Data Fuels Rate Cut Bets

Euro and Pound Rise Following Release of US Inflation Data

The EUR/USD and GBP/USD pairs continue to move higher, responding to weaker-than-expected US inflation figures and sustained demand for European currencies. Yesterday, the US dollar depreciated against the euro and the pound after the Bureau of Labor Statistics reported a slowdown in consumer price growth in July. The Consumer Price Index (CPI) rose by 2.7%, whereas the consensus forecast anticipated an acceleration to 2.8%. The decline in infla…

British Pound edges higher after US inflation data fuels rate cut bets

The British Pound (GBP) strengthens further against the US Dollar (USD) on Tuesday, with GBP/USD edging higher after the release of mixed UK labor market data and the latest US inflation figures.

GBP/USD Forecast: Pound Sterling Extends Gains after US Inflation Disappoints

The Pound to US Dollar (GBP/USD) exchange rate pushed to a two-week high on Tuesday, buoyed by softer-than-expected US inflation data and steady UK employment figures....

UK Employment Cools, Pound Edges Higher, US CPI Expected to Tick Higher - Action Forex

The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.3461, up 0.22% on the day. The pound has jumped 1.9% in August and touched a high of 1.3476 on Monday, its highest level since July 25. Job openings drop, wage growth steady The UK labor market continues […] The post UK Employment Cools, Pound Edges Higher, US CPI Expected to Tick Higher appeared first on Action Forex.