The GBP/USD currency pair is holding steady around the 1.3475 exchange rate, reflecting a cautious stance among traders as they await the upcoming U.S. Consumer Price Index (CPI) report. After rebounding from a three-week low of 1.3390, the pair has gained nearly 0.10% for the day, indicating a slight upward momentum that traders are keen to build upon.
Market participants are closely monitoring the CPI data, which could significantly impact the USD's strength and influence future trading strategies. With the current price action around 1.3475, traders are weighing the potential implications of the U.S. inflation figures on monetary policy, keeping the market on edge as it anticipates further movements in the GBP/USD exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 03:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.