GBP/USD Faces Challenges Ahead of US CPI Announcement
GBP/USD remains stable around 1.2750 for the second day in a row during the Asian trading session. However, the pair may face challenges as market sentiment shows increased caution ahead of the upcoming US Consumer Price Index (CPI) data. This data release could significantly impact the US Dollar’s behavior, potentially causing volatility for the GBP. As the market awaits this critical announcement, traders should prepare for possible fluctuations in the exchange rate. Understanding the implications of such economic data is vital for making informed trading decisions in this risk-sensitive pair.
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