The GBP/USD pair continues its upward trajectory, reaching 1.3429 by Thursday. It is now trading just below yesterday’s peak, its highest level since February 2022. Key drivers behind GBP/USD’s rise The rally follows the release of stronger-than-expected UK inflation data. The annual Consumer Price Index (CPI) accelerated to 3.5% in April, the highest reading since […]
The post Sterling Strengthens Weak US Dollar and UK Inflation Provide Support appeared first on Action Forex.
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