UK inflation was unchanged in January but came in marginally below market forecasts as higher energy prices were offset by lower food and household costs
Sterling is trading back below 1.2700 after the release of the latest UK jobs and wages data. The US dollar has also picked up an early bid, putting pressure on the GBP/USD.
Sterling is back above 1.2700 against the US dollar as UK interest rate cut expectations ease. Thursday’s US inflation report may add volatility to the pair.
Sterling has picked up a small bid in early trade and is pressing against 1.2700 against the US dollar. Friday’s US Jobs Report holds the key for cable’s short-term direction.