GBP/USD Faces Pressure as Investors Await Key Inflation Data
The GBP/USD pair experiences selling pressure during the Asian session on Wednesday. Currently trading around 1.2200, the pair is down 0.20% as traders anticipate the release of critical Consumer Price Index (CPI) data from both the UK and the US.
The expectation surrounding the CPI figures creates a cautious trading environment. Following recent trends, the cable remains well within the wider trading range while attracting sellers.
Investors should look for potential volatility based on the upcoming inflation reports, which could lead to significant directional moves.
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