Forex
GBP/USD Holds Steady Near 1.3500 Ahead of US Inflation Data
The GBP/USD pair remains flat near the psychological mark of 1.3500 as traders await the release of US consumer inflation figures.
The British Pound (GBP) experienced a minor boost following the release of better-than-expected UK GDP data, which showed the economy expanded at a pace of 0.4% in July.
However, this gain was short-lived as rising bets for an imminent US Federal Reserve rate hike and persistent geopolitical uncertainties contributed to capping the currency pair.