Pound US Dollar Forecast: UK CPI Data to Impact Sterling’s Future Prospects
In the coming days, attention will focus heavily on the GBP/USD exchange rate as the UK prepares to deliver the latest consumer price index CPI data. Predictions indicate a slight decline in headline inflation from 3.5% to 3.4%, with core inflation anticipated to reduce from 3.8% to 3.6%. These figures could significantly impact the market, setting the stage for potential fluctuations in the GBP/USD pair as traders adjust their strategies based on economic data releases.