GBP/USD bears are moving in as the US Dollar picks up steam – by fx_ross GBPUSD BOE Currencies Fed CPI
All eyes now turn to the BoE after the US CPI event on Wednesday.
´´Inflation trends in the US continue to head the right direction, but still have a long way to go before they reach the Fed's 2% target. Labour market conditions still look strong, but are showing cracks under the surface, and tension remains among regional banking credit markets,´´ analysts at RBC Economics said.
Consequently, the US dollar has found a bid after the initial sell-off and this is weighing on GBP/USD in late trade in the New York session. Meanwhile, eyes will now turn to
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