Sterling Slips as Waller Comments Boost Dollar
The British pound edged lower against the dollar as hawkish Federal Reserve comments and hotter US inflation data supported the greenback. Investors now await upcoming UK GDP data.
Xurve View
Insights:
Xurve View
GBP/USD fell 0.3% to $1.3395 on Tuesday as hawkish Federal Reserve commentary and stronger United States inflation data bolstered the greenback. The currency drifted lower after gaining 0.7% in the previous session amid easing geopolitical tensions. Investors are weighing shifting monetary policy paths across both economies.
