GBP/USD struggles at 1.2600 set to first monthly gain since September
The Pound Sterling struggles to clear the 1.2600 figure against the US Dollar yet is set for it first monthly gain since September 2024. The Federal Reserve’s (Fed) preferred inflation gauge report was aligned with estimates, hinting that the disinflation process stalled, but it remains near the Fed’s goal. The GBP/USD trades at 1.2607, virtually unchanged. Read More…
Pound Sterling flattens against US Dollar as yearly US core PCE Inflation cools down
The Pound Sterling (GBP) trades flat to near 1.2600 against the US Dollar (USD) in Friday’s North American session. The GBP/USD pair flattens as the US Dollar gives up intraday gains due to an expected slowdown in the United States (US) core Personal Consumption Expenditure Price Index (PCE) data for January. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Thursday’s gains around 107.40. Read More…
GBP/USD holds below 1.2600 as US PCE inflation data looms