The US CPI increased by 0.3% in September, beating forecasts of a 0.2% increase. Market participants are pricing a 91% chance of a 25-bps November Fed rate cut. US producer prices were unchanged in September, compared to expectations of a 0.1% increase. The GBP/USD forecast shows indecision as market participants absorb recent US inflation figures….
The post GBP/USD Forecast: US Inflation Data Triggers Indecision appeared first on Forex Crunch.
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