The Pound Sterling (GBP) is maintaining its gains against the US Dollar (USD), trading at approximately 1.3470 during the European session on Tuesday. This stability comes as traders await crucial US Consumer Price Index (CPI) data for December, scheduled for release at 13:30 GMT. The anticipation surrounding the CPI report is influencing market movements, with investors keen to gauge its impact on future Federal Reserve monetary policy.
As the GBP/USD pair solidifies its position, market participants are closely monitoring potential volatility that the CPI figures could introduce. A strong inflation reading might bolster the USD, while weaker data could support further GBP appreciation. The upcoming report is set to play a pivotal role in shaping the exchange rate dynamics between these two currencies in the short term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.