GBP/USD bears lose momentum as rate hike expectations support the market ahead of key data
GBP/USD remains range-bound ahead of the release of crucial economic data, with short-term technicals showing a defensive stance. The currency pair is currently testing around 1.3150, with both buyers and sellers cautious, awaiting multiple major economic reports this week to set the market tone.
**UK Inflation Data and Rate Hike Outlook in Focus**
UK Consumer Price Index (CPI) will be released on Wednesday at the London open (GMT 07:00). The market expects core CPI to ease slightly from 3.5% to 3.4%, wh
View OriginalGBP/USD remains range-bound ahead of the release of crucial economic data, with short-term technicals showing a defensive stance. The currency pair is currently testing around 1.3150, with both buyers and sellers cautious, awaiting multiple major economic reports this week to set the market tone.
**UK Inflation Data and Rate Hike Outlook in Focus**
UK Consumer Price Index (CPI) will be released on Wednesday at the London open (GMT 07:00). The market expects core CPI to ease slightly from 3.5% to 3.4%, wh