A post by @FirstSquawk on X.
Sterling Stabilises Below the 1.3450 Level Ahead of US CPI Release - FX
@FirstSquawk on X
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Sterling held just below the 1.3450 mark against the dollar on Wednesday as currency markets paused for the release of U.S. consumer price index data. The pound's muted trading reflects investor caution ahead of the inflation print, which could shape expectations for Federal Reserve policy and, by extension, dollar direction. A hotter-than-expected CPI reading would likely pressure sterling further by reinforcing bets on higher-for-longer U.S. rates, while a softer number could lift the pair back above the 1.3450 level. Traders will watch the CPI release and subsequent Fed commentary for the next directional signal.
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Named in this story
Sterling, US CPI