💷 British Pound Steady Near 1.3600 as Traders Await US CPI 🇺🇸
The British Pound (GBP) is holding firm around the 1.3600 level against the US Dollar, with markets entering a wait-and-see mode ahead of the upcoming US Consumer Price Index (CPI) release.
📊 Investors are watching the inflation data closely, as it could become the next major catalyst for GBP/USD. A stronger-than-expected CPI print may boost the Dollar by reinforcing expectations of tighter monetary policy. On the other hand, softer inflation data could weaken the USD and allow the Pound to extend gains.
⚖️ For now, price action remains stable, with cautious positioning and reduced volatility ahead of the announcement. However, once the CPI figures are released, markets could react sharply.
All eyes are on inflation — volatility is likely to increase when the numbers hit. 🚨📈
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