ForexNewsPlus Updates

GBP/USD Holds Firm as UK Inflation Rises but Services Pressures Ease

GBP/USD traded at 1.3557 Wednesday morning, reflecting a 0.2% increase during the session, following the release of July inflation data at 07:00 London time. TradingEconomics recorded 1.3556, reflecting an increase of 0.17%. The pair edged to 1.3552 immediately after the data, held 1.3550 through the European session, and printed 1.3545 in the first reaction — … Read more

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GBP/USD Stays Close to 11-Week Low Amid Dollar Strength

GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures keeps the pound near the bottom of its range. The pair is slightly altered during the session, yet remains firmly on the defensive, influenced by the political … Read more

ForexNewsPlus Updates

GBP/USD Faces Volatility as Markets Eye UK Inflation Data

GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … Read more

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