GBP/USD Flat Near 1.3500 as Traders Await US CPI Release
GBP/USD is trading in a tight range around 1.3500 during the European session, with volatility muted as markets brace for upcoming US inflation data.
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The British Pound is holding steady against the US Dollar, confined to a narrow band near the 1.3500 handle. Price action remains subdued during European hours, reflecting a cautious tone ahead of the key US CPI report.
The upcoming inflation figures are widely expected to influence near-term Federal Reserve policy expectations, leaving the pair in a holding pattern. A breakout from the current range may only materialize once the data is released and interpreted.
Source: FXStreet Forex News