GBP/USD Stays Steady at 1.37 Ahead of Fed, NFP, and BoE Events
GBP/USD has retraced from the 1.3860 peak towards the 1.3700–1.3750 range following a significant rebound in the US Dollar. The recent catalyst was the January FOMC decision along with the unexpected robustness in US producer prices. Headline US PPI increased approximately 0.5% month-on-month, surpassing expectations of around 0.2%. Core PPI increased by approximately 0.7%, compared … Read more