The Pound Sterling (GBP) experienced a significant decline against the US Dollar (USD) following the release of softer-than-expected UK Consumer Price Index (CPI) data. This disappointing inflation report has heightened expectations for a potential rate cut by the Bank of England (BoE), steering the central bank toward a more dovish stance potentially extending into 2026.
In trading, the GBP/USD currency pair reacted swiftly, reflecting market sentiment that the BoE may need to adjust its monetary policy to address the sluggish inflation environment. As traders digest the implications of this data, the exchange rate is likely to remain under pressure, with analysts closely monitoring further economic indicators that could influence the BoE's future decisions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 14:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.