What's Driving Markets? Consumers, Inflation, And Central Banks seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The GBP/USD pair ticks higher for the third successive day on Friday and looks to build on this week's goodish bounce from sub-1.2600 levels, or its lowest level since December 13.
The Pound Sterling (GBP) gave in to the resurgent US Dollar (USD) this week, motivating GBP/USD sellers to fight back control, as the tempered rate cut outlook from the US Federal Reserve (Fed) bolstered the sentiment around the US Dollar.
The Pound Sterling (GBP) recovers swiftly as stubbornly high UKConsumer Price Index (CPI) data for December has pushed back expectations of early rate cuts by the Bank of England (BoE).