jackson EJ
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CPIWatch
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š· British Pound Holds Firm Near 1.3600 Ahead of Key US CPI Data šŗšø
The British Pound (GBP) is consolidating around the 1.3600 level against the US Dollar as traders await fresh direction from upcoming US inflation data.
š Market participants are closely watching the US CPI report, which could provide the next major catalyst for the GBP/USD pair.
A higher-than-expected CPI reading may strengthen the Dollar.
Softer inflation data could pressure the USD and give the Pound room to push higher.
āļø For now, price action remains steady, with investors cautious and positioning light ahead of the data release.
All eyes on inflation ā volatility may spike once numbers hit the market! šØš
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