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British Pound (GBP) Price Outlook: GBP/USD Advancing After UK Inflation Data

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is climbing after UK inflation data for August showed the highest jump on record. Combined with Tuesday’s strong UK employment numbers, the inflation figures will add to the pressures on the Bank of England to taper its stimulus program and therefore to upwards pressure on GBP. GBP/USD RALLYING AFTER STRONG UK INFLATION DATA GBP/USD is edging higher again after UK inflation numbers for August showed a surge in the headline rate,

MongiIG

MongiIG in Market News

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