The GBP/USD currency pair is currently consolidating above the mid-1.3300s, following a bounce from a one-week low around 1.3310. During the Asian session on Thursday, the exchange rate has remained in a narrow range as traders prepare for key economic indicators, including the Bank of England's policy decision and the upcoming US Consumer Price Index (CPI) report.
Market participants are keenly awaiting these developments, which could significantly influence the trading dynamics of the GBP/USD pair. The interplay of BoE's monetary policy and US inflation data is likely to dictate future movements, potentially leading to increased volatility in the currency markets as traders position themselves ahead of these critical announcements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 01:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.