GBP/USD is churning around the 1.2700 handle as markets gear up for a lopsided Wednesday market session with a US holiday session on the cards and a fresh update on UK Consumer Price Index (CPI) inflation on the docket.
GBP/USD cycling 1.2700 as markets get ready for UK CPI inflation update. US holiday to leave Wednesday markets thin. BoE rate call looms ahead on Thursday, another rate hold is expected. GBP/USD is churning around the 1.2700 handle as markets gear up for a lopsided Wednesday market session with a US holiday session on the cards and a fresh update on UK Consumer Price Index inflation on the docket.
GBP/USD hourly chart GBP/USD daily chart Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling is the oldest currency in the world and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, aka ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP .
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