GBP/USD Exchange Rate Holds Steady at 1.35, Awaiting Key Data
Looking ahead, the Pound to US Dollar (GBP/USD) exchange rate remains flat around 1.35. Lacking significant economic releases today, traders will focus on the upcoming consumer price index (CPI) data scheduled for Wednesday. July’s CPI is expected to show another inflation acceleration, providing potential catalysts for the pair. As inflation remains a key concern for both economies, expectations are running high. Investors are advised to stay alert to adjust their strategies in anticipation of the potential implications of the CPI release on the GBP/USD.