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Pound Sterling (GBP) may trade in a range, probably between 1.2180 and 1.2290. In the longer run, weakness in GBP has stabilized; it is likely to trade in a range between 1.2130 and 1.2390, UOB ...
Traders now look forward to the US Retail Sales and Jobless Claims for a fresh impetus.
UK inflation eased to 2.5%, missing expectations, while FTSE 100 rose 0.52% amid optimism for moderated Bank of England rate hikes.
The GBP/USD exchange rate stabilized on Wednesday after the UK published encouraging consumer inflation data. It rose slightly for the third consecutive day to trade at 1.2200, up slightly from the ...