10 Sep 2025
GBP/USD reverses gains ahead of US inflation figures
GBP/USD briefly tested a four-week high on Tuesday.
Crumbling US jobs revisions bolstered the US Dollar as Fed rate cut bets rise.A last round of US inflation data is due before the Fed’s rate call next week.
GBP/USD briefly touched a four-week peak on Tuesday, testing chart territory north of 1.3550 before getting dragged back into the low side, snapping a two-day winstreak and putting Cable back on track for a decline to the 1.3500 handle.
The economic calendar remains functionally free of United Kingdom (UK) data this week, leaving US inflation figures in the driver’s seat as investors reel from a shocking decline in United States (US) labor market data that continues to get revised even lower.
