British Pound (GBP) Price Outlook: GBP/USD Rallying After Hot UK Inflation Data
Summary
By sueyangfx.com July 14, 2021 at 09:04AM UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.
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
July 14, 2021 at 09:04AM
UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.