GBP/USD is trading lower following US inflation data, which came in slightly above expectations.
Portfolio Pulse from Benzinga Newsdesk
GBP/USD is trading lower after US inflation data exceeded expectations.
April 03, 2024 | 5:46 am
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GBP/USD is trading lower following the release of US inflation data that was slightly above expectations.
Currencies often react to economic indicators such as inflation, as they can influence central bank policies and interest rates. The higher-than-expected US inflation data suggests a stronger USD against the GBP in the short term, as investors may anticipate more aggressive monetary policy actions by the Federal Reserve to combat inflation.
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