GBP/USD is set to finish Friday with losses of at least 0.20%.
United States inflation continues to wane but remains twice elevated of Fed’s target.
GBP/USD Price Analysis: To remain sideways ahead of the Fed and BoE monetary policy decisions.
GBP/USD snaps two days of gains and tumbled below Thursday’s close of 1.2406, slumping toward 1.2370, amidst a choppy trading session. Inflation data revealed in the United States (US) augmented the likelihood of small-size rate hikes by the US Federal Reserve. Therefore, the GBP/USD is trading at 1.2372, below its opening price by 0.27%.
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