GBP/USD Steady Ahead of Key Inflation Data Releases

The British Pound has maintained its steady position near the mid-1.3500s against the US Dollar, despite lacking bullish conviction and remaining within the previous day's broader range.

Traders are awaiting the release of UK GDP and US inflation figures before making fresh directional bets.

The key focus will be on the US Producer Price Index (PPI) and Consumer Price Index (CPI), due to be released on Thursday and Friday, respectively.

These data releases will provide crucial cues about the US Federal Reserve's policy path amid rising bets for a September rate hike.