The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street’s estimates. At the time of writing, the pair trades at 1.2166, down by over 0.26%. Read More…
The Pound Sterling (GBP) surrenders its intraday gains and turns negative against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD declines to near 1.2160 even though the United States (US) Producer Price Index (PPI) report showed that the producer inflation grew at a slower-than-expected pace in December. A gradual-than-projected growth in producer inflation has weighed on the US Dollar by forcing the US Dollar Index (DXY) to surrender intraday gains and flattens near 109.50. Read More…
GBP/USD breaks its five-day losing streak, rebounding from its 15-month low of 1.2099, recorded on Monday. The GBP/USD pair remains above 1.2200 during the Asian trading hours on Tuesday as the Pound Sterling (GBP) gains ground amid improved investor confidence. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-tumbles-below-12200-after-us-ppi-data-202501141730