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GBPUSD - GBP/USD Price Analysis: Investors Digest US CPI Data
12-01-2024 02:20
The GBP/USD price analysis hinted at a subtle bearish tilt amid a strong dollar as investors assessed the impact of an upbeat US inflation report. However, there are still expectations that the Federal Reserve could cut rates as early as March.
UPDATE 1-European equities climb ahead of US inflation data
The pan-European STOXX 600 was up 0.5% by 0921 GMT. Market participants keenly await the U.S. inflation report, due at 8:30 a.m. ET (1330 GMT), to assess the timing of rate cuts from the Fed, which will help set the tone for other central banks.