Pound Sterling Price News and Forecast: GBP/USD slips as soft UK CPI clips BoE hike bets

Source Summary

The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%. Read More...