GBP/USD snaps four-day uptrend ahead of UK employment, US inflation data – by anilpanchal7 GBPUSD RiskAppetite Employment Inflation CentralBanks
pair justifies economic pessimism surrounding the UK, as well as hawkish bets on the US Federal Reserve’s next moves, ahead of the key British employment numbers and the US inflation data.
On the other hand, the US Dollar cheered Friday’s upbeat data but the mixed signals for today’s US Consumer Price Index for November limited the Greenback’s further upside. That said, the one-year inflation precursor from the New York Fed slumped the most on record but contrasts with the upbeat inflation expectations for the 5-year and 10-year reported by the St. Louis Federal Reserve data.
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