The Pound Sterling (GBP) turns volatile in Wednesday’s London session as the United Kingdom Office for National Statistics (ONS) reported softer-than-expected Consumer Price Index (CPI) data for February.
.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.
Soft figures might increase their confidence that inflation will sustainably return to the desired rate of 2%. BoE policymakers have been reiterating that rate cuts would be appropriate only if they get the conviction that the inflation target will be achieved. The Pound Sterling is expected to remain volatile as investors will shift focus to the Bank of England’s interest rate decision, which will be announced on Thursday. The BoE is expected to keep interest rates unchanged at 5.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling slumps amid uncertainty ahead of UK Inflation, Fed-BoE decisionsThe Pound Sterling (GBP) continues its losing streak for the fourth trading session on Tuesday as investors turn risk-averse in a big central banks’ week.
Read more »
Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Read more »
Pound Sterling falls to weekly lows on dismal market sentimentThe Pound Sterling (GBP) declines in Friday’s European session as dismal market sentiment dampens the appeal of risk-sensitive assets.
Read more »
GBP/USD Forecast: Pound Sterling looks to extend the upswingThe Pound Sterling (GBP) booked the first weekly gain against the US Dollar (USD), snapping a five-week bearish momentum.
Read more »
GBP/USD Forecast: Pound Sterling weakens as US Dollar rebounds modestlyThe Pound Sterling (GBP) returned to red against the US Dollar (USD), reversing the previous week’s rebound.
Read more »
GBP/USD Forecast: Pound Sterling rebounds firmly on weaker US DollarFollowing a down week, the Pound Sterling (GBP) regained its lost footing against US Dollar (USD), with GBP/USD clinching the highest level in seven months near the 1.2900 mark.
Read more »