Monday , 10 February 2025
Home Forex Pound Sterling Price News and Forecast: GBP/USD slumps on strong US producer inflation, Fed rate cut odds trim
Forex

Pound Sterling Price News and Forecast: GBP/USD slumps on strong US producer inflation, Fed rate cut odds trim

GBP/USD slumps on strong US producer inflation, Fed rate cut odds trim The Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

There is an intensifying price war in the Chinese automotive market

Capitalism is working as intended in the Chinese automotive market.A surge of...

GBP/USD holds below 1.2400 on firmer US Dollar

The GBP/USD pair weakens to near 1.239 during the Asian trading hours...

EUR/USD remains subdued around 1.0300 due to fresh Trump tariff threats

EUR/USD continues its losing streak for the third consecutive session, trading near...

Japanese 10-year yields rise to a fresh high since 2011

Japanese 10-year yields are only up a single basis point today but...