GBP/USD struggles on surprise US inflation uptick
The pound struggled to gain a firm footing yesterday, with little from the latest labour market data that proved particularly encouraging.
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The pound struggled to gain a firm footing yesterday, with little from the latest labour market data that proved particularly encouraging.
Once again, the US dollar was kept in limbo thanks to the sky-high odds of an interest rate hike from the Federal Reserve in December.
The US dollar fared pretty well in October, closing the month in a stronger position against not only the pound and euro but the Australian, New Zeala
Super strong odds of an interest rate hike next month from the Federal Reserve kept the US dollar afloat last week. USD took a knock from a more cauti
Data last week kept hopes of a December interest rate hike alive, with the US economy continuing to produce evidence of robust health. A general decli
Markets responded positively to the latest UK GDP data yesterday, sending the pound racing higher across the board.
Comments from a senior Bank of England (BoE) official weakened the pound yesterday on the diminishing odds of a November rate hike.
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