GBP/USD strengthened during Thursday's North American session, buoyed by a softer-than-expected US inflation report and a hawkish stance from the Bank of England (BoE). The currency pair traded at 1.3410, reflecting a 0.28% increase after hitting a daily low of 1.3340. This upward movement underscores the market's positive sentiment toward the British pound amid shifting economic indicators.
The benign US Consumer Price Index (CPI) has placed downward pressure on the dollar, creating a more favorable trading environment for the GBP. As the BoE maintains its assertive approach to monetary policy, the exchange rate is likely to remain volatile, influenced by future economic data and central bank communications. Traders will closely monitor these developments for potential trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 15:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.