US Inflation Data Causes Pound Drop Amid Concerns Over Trade Policies
Recent US developments significantly impacted the market, with stronger-than-expected inflation data leading to notable Pound losses. The market remains on alert due to worries regarding US trade policies. The anticipation of a weak GDP report on Thursday and concerns about a potential technical recession have placed the Pound in a vulnerable position. Traders should monitor emerging economic indicators closely as they could shape future currency movements involving GBP.