Daily Market Updates: British Pound stalls below 1.3400 despite hot UK CPI and BoE hike bets

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British Pound stalls below 1.3400 despite hot UK CPI and BoE hike bets

Reported · Written up by our desk · Major Pairs

The Pound Sterling (GBP) struggles to extend its gains against the US Dollar (USD) on Wednesday, even as inflation in the United Kingdom cements the case for a Bank of England (BoE) rate hike at the next meeting and the Greenback recovers amid heightened geopolitical tensions.

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Sources

FXStreetBritish Pound stalls below 1.3400 despite hot UK CPI and BoE hike bets

Forex

British Pound stalls below 1.3400 despite hot UK CPI and BoE hike bets

More like this

Sources

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