The GBP/USD is trading higher on Tuesday as market sentiment cautiously recovers following the weekend's Israel-Hamas conflict escalation, and the Pou
GBP/USD catches a bid on improving market sentiment, setting a new two-week high. UK GDP, manufacturing & production figures due later in the week, BoE Gov Bailey to speak on Friday. US inflation data remains a key focus for broader markets, PPI and CPI in the barrel for Wednesday, Thursday. nd Sterling is catching a bid into fresh two-week highs just shy of 1.2300.
Industrial & Manufacturing Production for the same period is expected to improve but still show minor declines, with the industrial component expected at -0.2% versus the previous -0.7%, and the manufacturing component is seen printing at -0.4% versus the previous -0.8%. NY Fed: Year-ahead expected inflation edges higher to 3.7% from 3.
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