The Pound Sterling (GBP) is maintaining its momentum against the US Dollar (USD), trading around 1.3470 during the European session on Tuesday. This stability follows a robust performance on Monday, as market participants await the release of the US Consumer Price Index (CPI) data for December, scheduled for 13:30 GMT.
Market analysts are closely monitoring the GBP/USD currency pair, as the upcoming CPI figures could significantly influence trading dynamics. A stronger-than-expected inflation reading might bolster the USD, impacting the exchange rate, while weaker data could further support the Pound's gains. The anticipation surrounding the CPI release highlights the sensitivity of currency movements to economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 08:59
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.