GBP/USD slipped to 1.3390 during Thursday’s session, paring gains as investors await UK labor data. Strong UK inflation figures may support a hawkish BoE stance, though August’s rate decision could be shaped by slowing labor conditions.
On the U.S. side, rising CPI has reinforced expectations for the Fed to hold rates steady. Fed officials Logan and Williams pointed to tariff-related inflation risks, while the Fed’s Beige Book reported solid activity but growing cost pressures.
June PPI came in flat, while core PPI slowed to 2.6% YoY. U.S. retail sales, jobless claims, and the Philly Fed index are next on watch.
Resistance is at 1.3535, while support holds at 1.3380.
On the U.S. side, rising CPI has reinforced expectations for the Fed to hold rates steady. Fed officials Logan and Williams pointed to tariff-related inflation risks, while the Fed’s Beige Book reported solid activity but growing cost pressures.
June PPI came in flat, while core PPI slowed to 2.6% YoY. U.S. retail sales, jobless claims, and the Philly Fed index are next on watch.
Resistance is at 1.3535, while support holds at 1.3380.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.