GBP/USD treads water on Thursday in the early European trading hours. The pair pushed above the 1.3850 mark in the overnight session on higher-than-expected inflation data, which fueled the expectations of a sooner rate hike and stimulus tapering by the Bank of England (BOE).To get more news about blufx, you can visit wikifx.com official website.
At the time of writing, GBP/USD is trading at 1.3835, down 0.05% for the day.
As per the economic data, UK inflation came higher breaking the record of nine-year in August. The readings came at 3.2% in August as compared to 2% in July and above the market expectations of 2.9%.
In the latest development, UK Prime Minister Boris Johnson did shuffling to his cabinet. Liz Truss will be given Foreign Secretary, and Dominic Raab will become Justice Secretary. Robert Buckland, Robert Jenrick and Gavin Williams will leave the Cabinet office.
The sterling remained under pressure as Brexit concerns refused to subside, as per the latest report the UK had postponed the introduction of post-Brexit checks on imports to England, Scotland, Wales citing COVID-19 and global supply chain disruptions.
On the other hand, the US Dollar Index (DXY), which tracks the greenback performance against the basket of currencies, turns mildly lower below 92.50 head of the US Retail Sales data, which is helping GBP/USD find footing in the European session.
Search
Popular Posts
- How do I fix AOL Mail login issues?
-
Viral video on pre-shaded ballots allegedly favoring “Otso Diretso” bets, alarms admin candidates
By Alka Vista
-
Dermal Fillers Treatment in Gurgaon
By priya sharma
-
Best Online Casinos
By greenlife
-
The Impressive Beauty And Quality Of iPad pro 12.9 Case
By imranafzal
Categories
- Appliance
- Attractions/Things To Do
- Artist
- Bank
- Bar
- Blogger
- Book Store
- Cars and Vehicles
- Clothing
- Concert Venue
- Comedy
- Economics and Trade
- Education
- Electronics
- Entertainment
- Food/Grocery
- Furniture
- Movies & Animation
- Gaming
- Health and Beauty
- History and Facts
- Hotel
- Life Style
- Medical/Pharmacy
- Natural
- News and Politics
- People and Nations
- Pets and Animals
- Places and Regions
- Politician
- Real State
- Restaurant/Cafe
- Science and Technology
- School
- Services
- Shopping/Retail
- Sport
- Travel and Events
- Business Software
- Other