GBP/USD grapples with lows as key inflation data looms ahead
The GBP/USD pair extended its slide, hitting fresh lows as investors positioned themselves ahead of crucial UK inflation data. Market sentiment turned cautious, with traders anticipating the figures to shape expectations for the Bank of England’s next policy moves. The pair fell below key technical levels, reflecting mounting pressure from a strong U.S. dollar and […]
US Inflation Data to Remain Firm, Feeding Fears of Higher Rates
The latest inflation data from the United States signals persistent price pressures, reigniting concerns about the Federal Reserve’s trajectory on interest rates. December’s Consumer Price Index (CPI) showed a year-on-year increase of 3.5%, holding steady from the previous month. Core inflation, excluding volatile food and energy prices, remained resilient at 4.1%, challenging the Fed’s efforts […]