Forex
GBP Holds Steady Near 1.3500 as Traders Await US and UK Economic Data
The Pound Sterling (GBP) has held steady above the psychologically significant level of 1.3500 against the US Dollar (USD), as traders awaited key economic data from both the UK and the US.
The GBP/USD pair's price action has been characterized by a sideways consolidation, with prices hovering around 1.3523, its highest level since July 16.
The market's limited reaction to the latest US inflation figures, which matched expectations, has contributed to the pound's stability.