GBP/USD Rises Further: What Traders Should Watch Ahead of UK CPI

The GBP/USD pair is continuing its impressive rally, trading around 1.3250 during Wednesday’s Asian session. Earlier, the pair touched a fresh six-month high at 1.3256, showcasing bullish momentum.

This upward trend indicates strong interest in the Pound ahead of the crucial UK Consumer Price Index (CPI) data to be released shortly. Traders must prepare for potential volatility as this data could significantly impact market rates.

Maintaining observation on technical trends and economic fundamentals will be crucial for traders looking to capitalize on the ongoing momentum of GBP/USD.