Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
GBP/USD hits 15-month maximum on firm UK data
On Wednesday, the British pound re-approached recent 15-month maximum versus the greenback, underpinned by sturdy British retail sales data. Meanwhile, caution ahead of the Fed’s approaching policy verdict maintained downward pressure on the US currency.
The currency pair GBP/USD ascended 0.64% being worth 1.3589, re-approaching Monday's 15-month maximum of 1.3620.
The UK currency leapt after on Wednesday the UK Office for National Statistics announced that August retail sales surpassed forecasts, adding 1%.
The British pound had been suppressed after BoE Governor Mark Carney told on Monday that Brexit will affect overseas trade and breaking up with the EU was already restricting the potential size of the British economy.
Carney also added that interest rates will probably leap in the nearer months, repeating what was told at the BoE's latest policy gathering and had already underpinned the UK pound.
Similar
Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Latest news
Chinese yuan is in focus
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
US Federal Judge stopped TikTok's ban
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
Deposit with your local payment systems
