{"id":263863,"date":"2024-03-13T03:32:57","date_gmt":"2024-03-12T22:02:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=263863"},"modified":"2024-03-13T03:32:57","modified_gmt":"2024-03-12T22:02:57","slug":"pound-sterling-weakens-as-stubborn-us-inflation-improves-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-weakens-as-stubborn-us-inflation-improves-crypto-news\/","title":{"rendered":"Pound Sterling weakens as stubborn US inflation improves &#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>The Pound Sterling (GBP) witnesses an intense sell-off in Tuesday\u2019s early American\u00a0session as the United States Bureau of Labor Statistics (BLS) has\u00a0reported a hot\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/news\/us-cpi-data-preview-headline-inflation-seen-steady-in-february-on-increasing-gas-prices-core-to-decline-202403120300\">Consumer Price Index<\/a>\u00a0(CPI) report\u00a0for February, and the United Kingdom Office for National Statistics (ONS) has reported soft Employment data. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-faces-pressure-after-downbeat-uk-employment-data-202403120737\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0has been rallying higher but it has stalled at the start of the new week after touching resistance at the 200-week Simple Moving Average (SMA). So far, the pullback looks like a correction in an evolving uptrend. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-rally-stalls-after-touching-200-week-sma-202403121155\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_GBP_USD_2024-03-12_12-18-57-638458413133036358.png\" \/><\/div>\n<div>The GBP\/USD pair remains on the defensive above the 1.2800 support during the early Asian trading hours on Tuesday. The lower bets on rate cut expectations from the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">Bank of England<\/a>\u00a0(BoE) weigh on\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">the Pound<\/a>\u00a0Sterling (GBP). Investors await the UK labour market data and US CPI inflation data on Tuesday for fresh impetus. GBP\/USD currently trades near 1.2814, unchanged for the day. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-holds-above-the-12800-mark-eyes-on-uk-labour-market-us-cpi-data-202403112359\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Pound Sterling (GBP) witnesses an intense sell-off in Tuesday\u2019s early American\u00a0session as the United States Bureau of Labor Statistics (BLS) has\u00a0reported a hot\u00a0Consumer Price Index\u00a0(CPI) report\u00a0for February, and the United Kingdom Office for National Statistics (ONS) has reported soft Employment data. Read More&#8230; GBP\/USD\u00a0has been rallying higher but it has stalled at the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7348,"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-263863","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\/263863","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=263863"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/263863\/revisions"}],"predecessor-version":[{"id":263865,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/263863\/revisions\/263865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7348"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=263863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=263863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=263863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}