GBP/USD Steady Above 1.3500 Ahead of Key Macro Data Releases

The British Pound remains steady above the psychological mark of 1.3500 against the US Dollar as traders await key macroeconomic data from both countries.

Today's release of the US Consumer Price Index (CPI) report is expected to have a significant impact on market sentiment, with strategists at Deutsche Bank highlighting that 'futures this morning are pointing to a 51% chance of a September hike.'

The current balance of risks remains finely poised ahead of the CPI report, and traders are advised to exercise caution before positioning for any further moves in the GBP/USD pair.

Despite this caution, the recent breakout through the 1.3500 mark suggests that the path of least resistance for spot prices remains to the upside.