GBP Drops Against USD Ahead of US CPI: Is an Inflation Shock Coming?

GBP/USD dropped from approximately 1.3460 to roughly 1.3425 in the morning of November 10, and is currently hovering around 1.3430 while forex traders wait for the October US CPI report. The pound hasn’t clearly weakened ahead of the release, but the dollar is drawing support from rising expectations that the Fed might hike rates again […] Read The Full Article GBP Drops Against USD Ahead of US CPI: Is an Inflation Shock Coming? On Coin Edition.