Thursday , 23 January 2025
Home Forex GBP/USD edges lower after US inflation data suggests Fed to take a measured approach to easing
Forex

GBP/USD edges lower after US inflation data suggests Fed to take a measured approach to easing

GBP/USD is trading marginally lower in the 1.3060s on Wednesday after the release of US inflation data leads to an appreciation in the US Dollar (USD) amid prospects of a more measured approach to easing from the Federal Reserve (Fed) whilst the Pound Sterling (GBP) loses ground following the release of flat economic growth data.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Chinese equities jumping on all the supportive new policies

Chinese authorities on pumping money into stocks from pension funds etc, ICYMI:China...

China official says insurance firms still have room to increase their market investment

China vice finance minister Large state-owned commercial insurance companies still have room...

Welcome to TradeCompass: Your Trusted Guide to Navigating the Markets

Trade Smarter with TradeCompass: Your Market Edge AwaitsStay Ahead with Precise, Bias-Free...

Stellantis says its not moving 1500 jobs from Canada to the US

A report on Bloomberg TV claimed that car maker Stellantis will move...