Pound Erases Early Losses Against Dollar Ahead of US PPI
GBP/USD steadied near 1.3495 in European trading after recovering from earlier weakness, with attention turning to upcoming US producer price data.
GBPUSD
The British pound clawed back its initial losses against the US dollar and traded roughly flat around 1.3495 during the European session. The pair had come under pressure earlier before finding support.
Market attention is now shifting to the US Producer Price Index release. Traders are watching the data for further signals on inflation and potential US dollar direction.
Cable remains in focus as FX markets weigh sterling resilience against upcoming US economic figures.
Source: FXStreet Forex News