Edges lower to 1.3120 as soft UK CPI boosts BoE easing outlook

GBP/USD edges lower to 1.3120 as soft UK CPI boosts BoE easing outlook

GBP/USD edges modestly lower on Wednesday as inflation in the United Kingdom (UK) ticked lower in October, increasing the chance of an interest rate cut by the Bank of England (BoE) in December. At the time of writing, the pair trades at 1.3120 after reaching a peak of 1.3155. Read More…

Pound Sterling slumps as soft UK CPI data boosts BoE dovish bets

The Pound Sterling (GBP) declines sharply against its major currency peers on Wednesday, following the release of the United Kingdom (UK) Consumer Price Index (CPI) data for October. Read More…

GBP/USD loses ground below 1.3150 ahead of UK CPI data

GBP/USD remains subdued for the fourth consecutive session, trading around 1.3130 during the Asian hours on Wednesday. Traders await the United Kingdom (UK) Consumer Price Index (CPI), PPI Core Output, and Retail Price Index data for October due later in the day. Read More…