Pound Sterling Price News and Forecast: GBP/USD rebounds as Iran deal hopes sink USD
British Pound outperforms Euro as traders reassess ECB and BoE outlook after inflation data The Euro (EUR) weakens against the British Pound (GBP) on Wednesday, with EUR/GBP extending losses for a third consecutive day as traders digest the latest inflation data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8654, hovering near one-week lows. Read More… British Pound flatlines against the Japanese Yen, amid soft UK CPI data The Pound (GBP) is trading practically flat against the Japanese Yen (JPY) on Wednesday, moving halfway through the last three weeks trading range, a few pips below 213.00. A sharper-than-expected decline in UK inflation in April hurt the Pound, but the Yen remains weighed down by the differential between Japanese and US Treasury yields as energy prices boost inflationary risks. Read More…