Pound Sterling slipped after hot US CPI with PPI still ahead
GBP/USD lost about 0.7% on Tuesday, sliding from prior session highs near 1.3650 to test the 1.3500 round figure before a modest late-session rebound.
The Pound Sterling may continue to face downward pressure as traders react to the hot US CPI data, with potential further declines if the upcoming PPI data reinforces inflation concerns. A test of the 1.3400 level could be on the horizon.
GBP/USD lost about 0.7% on Tuesday, sliding from prior session highs near 1.3650 to test the 1.3500 round figure before a modest late-session rebound.
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