GBP/USD Treads Down to 1.2650: Fed on Alert Following Inflation Report
GBP/USD faces downward pressure as it trades near 1.2660 this Thursday morning. The US Dollar has strengthened following the latest inflation report, indicating solid consumer spending. However, the data also highlights no significant progress toward lowering inflation, placing the Federal Reserve on high alert. For traders, understanding how these economic signals influence the GBP/USD is critical. Analyzing current trends will help traders formulate their strategies effectively as they navigate the market’s intricacies.
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