British Pound (GBP) Latest: GBP/USD Correction Due, UK Inflation Beats Expectations
Summary
By sueyangfx.com February 17, 2021 at 09:06AM GBP/USD looks ripe for a correction lower as USD climbs on rising Treasury yields; the latest UK inflation data came in higher than economists had predicted.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
February 17, 2021 at 09:06AM
GBP/USD looks ripe for a correction lower as USD climbs on rising Treasury yields; the latest UK inflation data came in higher than economists had predicted.