Forex
GBP Holds Steady Near Mid-1.3500s as Traders Eye Key Data Releases
The British Pound (GBP) held steady near mid-1.3500s against the US Dollar (USD) in Asian trading on Wednesday, but a lack of bullish conviction kept it within the previous day's range.
Traders are awaiting key data releases, including UK GDP and US inflation figures, before making new bets.
The US Producer Price Index (PPI) and Consumer Price Index (CPI) will be closely watched on Thursday and Friday, respectively, as they provide clues about the Federal Reserve's policy path amid rising expectations of a September rate hike.