Pound Steady Near 1.3500 as US Inflation Matches Estimates
GBP/USD is holding around 1.3500 after US CPI came in line with expectations, with the Fed’s inflation focus intact and Hormuz risk in the background.
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The British pound is trading near 1.3500 against the US dollar after the latest US inflation report matched estimates. The data is seen as a relief for the Federal Reserve, which remains focused on reining in higher prices.
GBP/USD has held within familiar levels, while the pair reached a higher level earlier in the session. Hormuz-related tension remains a risk to watch.
The combination of a market-friendly CPI print and ongoing geopolitical uncertainty has kept the pair near the 1.3500 area without a decisive break.
Source: FXStreet Forex News