GBP/USD slips as hot US PPI data erodes aggressive Fed cut bets

Published 2 months ago Negative
GBP/USD slips as hot US PPI data erodes aggressive Fed cut bets
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GBPUSD.FOREX British Pound /...
The GBP/USD retreats during the North American session, down 0.21% after a hot inflation report in the United States (US) prompted traders to pare rate cut bets by the Federal Reserve at the September meeting. At the time of writing, the pair trades at 1.3545 after hitting a daily peak of 1.3594.

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