{"id":194256,"date":"2023-11-16T00:21:01","date_gmt":"2023-11-15T18:51:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=194256"},"modified":"2023-11-16T00:21:01","modified_gmt":"2023-11-15T18:51:01","slug":"gbp-usd-trimming-some-gains-sees-rejection-from-1-2500-on-uk-cpi-miss-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-trimming-some-gains-sees-rejection-from-1-2500-on-uk-cpi-miss-crypto-news\/","title":{"rendered":"GBP\/USD trimming some gains, sees rejection from 1.2500 on UK CPI miss – Crypto News"},"content":{"rendered":"

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The GBP\/USD is paring back after a touch of the 1.2500 handle, testing back into the 1.2400 region after a broad miss for UK data and mixed US figures.<\/p>\n

The UK Core Consumer Price Index (CPI) for the year into October printed at 5.7%, down slightly\u00a0from the expected 5.8% and slipping further away from the previous month’s 6.1% reading. Read More…<\/a><\/p>\n<\/p>\n<\/div>\n

The Pound Sterling (GBP) faced a sell-off after reaching a two-month high as price pressures in the UK economy softened significantly in October. Annual headline Consumer Price Index (CPI) grew at a slower pace of 4.6%, adding to signs that UK Prime Minister Rishi Sunak will be able to fulfill his promise of halving inflation by the year-end. Meanwhile, the UK Producer Price Index (PPI) fell, suggesting that goods producers were forced to cut prices at factory gates due to a poor demand\u00a0outlook<\/a>. Read More…<\/a><\/div>\n

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GBP\/USD<\/a>\u00a0is seen accelerating its uptrend once 1.2580 is cleared, suggest Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group. Read More…<\/a><\/div>\n

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Share: The GBP\/USD is paring back after a touch of the 1.2500 handle, testing back into the 1.2400 region after a broad miss for UK data and mixed US figures. The UK Core Consumer Price Index (CPI) for the year into October printed at 5.7%, down slightly\u00a0from the expected 5.8% and slipping further away from […]<\/p>\n","protected":false},"author":2,"featured_media":6643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-194256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/194256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=194256"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/194256\/revisions"}],"predecessor-version":[{"id":194257,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/194256\/revisions\/194257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6643"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=194256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=194256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=194256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}