{"id":228001,"date":"2024-01-12T03:28:16","date_gmt":"2024-01-11T21:58:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=228001"},"modified":"2024-01-12T03:28:16","modified_gmt":"2024-01-11T21:58:16","slug":"gbp-usd-edges-lower-though-almost-flat-post-us-inflation-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-edges-lower-though-almost-flat-post-us-inflation-data-crypto-news\/","title":{"rendered":"GBP\/USD edges lower though almost flat post-US inflation data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The Pound<\/a>\u00a0Sterling remains on the back foot in the mid-North American session on Thursday, as inflation in the United States (US) picked up more than estimated in December, which might deter the US Federal Reserve (Fed) from easing monetary policy as investors estimate. The GBP\/USD trades at 1.2734, printing losses of 0.02%. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-edges-lower-though-almost-flat-post-us-inflation-data-202401111814\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The Pound<\/a>\u00a0Sterling (GBP) faces an intense sell-off as the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\">market sentiment<\/a>\u00a0has been impacted significantly. Higher-than-projected\u00a0United States\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/us-cpi-data-preview-inflation-set-to-accelerate-slightly-to-32-in-december-core-to-fall-further-202401110300\">Consumer Price Index<\/a>\u00a0(CPI) data has escalated v<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/volatility\">olatility<\/a>\u00a0in global markets. The US Bureau of Labor Statistics (BLS) has reported that monthly headline and core inflation were up\u00a0by 0.3%. The annual headline inflation rose at a significant pace of\u00a03.4% vs. expectations of 3.2% and the prior reading of 3.1%. The core inflation grew by 3.9%, slightly slower than the prior reading of 4.0% but remained higher than expectations of 3.8%. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-prints-a-fresh-weekly-high-ahead-of-us-cpi-uk-factory-data-202401110743\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_USD%20(4)-638405552754174782.png\" \/><\/div>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The GBP\/USD pair<\/a>\u00a0holds positive ground around 1.2765 during the early European session on Thursday. The uptick of the pair is supported by the weaker US Dollar (USD) and improved risk-on sentiment. Traders await the December US Consumer\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Price Index<\/a>\u00a0(CPI) for fresh impetus. The Core CPI is projected to grow 3.8% YoY, while headline inflation is estimated to rise 3.2% YoY versus 3.1% prior. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-the-key-upside-barrier-is-seen-at-the-12800-12805-zone-202401110546\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_USD%20(3)-638405487689087916.png\" \/><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Pound\u00a0Sterling remains on the back foot in the mid-North American session on Thursday, as inflation in the United States (US) picked up more than estimated in December, which might deter the US Federal Reserve (Fed) from easing monetary policy as investors estimate. The GBP\/USD trades at 1.2734, printing losses of 0.02%. Read More&#8230; [&hellip;]<\/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":[201,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-228001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","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\/228001","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=228001"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228001\/revisions"}],"predecessor-version":[{"id":228003,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228001\/revisions\/228003"}],"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=228001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=228001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=228001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}