{"id":281188,"date":"2024-04-11T03:55:14","date_gmt":"2024-04-10T22:25:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=281188"},"modified":"2024-04-11T03:55:14","modified_gmt":"2024-04-10T22:25:14","slug":"pound-sterling-plunges-on-hot-us-cpi-fomc-minutes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-plunges-on-hot-us-cpi-fomc-minutes-crypto-news\/","title":{"rendered":"Pound Sterling plunges on hot US CPI, FOMC minutes – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

GBP\/USD plunges on hot US CPI, FOMC minutes<\/h2>\n
The Pound\u00a0Sterling<\/a>\u00a0collapses late on Wednesday during the North American session, down by more than 1% against the US Dollar, following the release of US inflation data. Expectations for fewer rate cuts by the US Federal Reserve prompted a flight to the Greenback, which reached a new year-to-date (YTD) high via\u00a0the US Dollar Index<\/a>\u00a0(DXY). The GBP\/USD trades at 1.2534 after hitting a high of 1.2708. Read More…<\/a><\/div>\n
<\/div>\n

Pound Sterling plunges as hot US Inflation dampens market sentiment<\/h2>\n<\/p>\n
The Pound\u00a0Sterling<\/a>\u00a0(GBP) weakens\u00a0against the US Dollar\u00a0in Wednesday\u2019s early American\u00a0session as\u00a0the United States Consumer\u00a0Price Index<\/a>\u00a0(CPI) data for March remains stubbornly higher.\u00a0Economists anticipated the\u00a0US inflation to remain relatively high in March due to increasing\u00a0Oil<\/a>\u00a0prices, insurance costs and rentals. Hot price pressures would shift market expectations of Federal Reserve (Fed) rate cuts to the third quarter of this year. Read More…<\/a><\/div>\n
<\/div>\n

GBP\/USD clings to mild losses below 1.2700 ahead of US CPI data<\/h2>\n<\/p>\n
The GBP\/USD pair trades with a mild negative bias near 1.2675 during the early Asian session on Wednesday. The USD Index (DXY) consolidates just above the 104.00 yardstick amid the cautious mood. Investors await the US Consumer\u00a0Price Index<\/a>\u00a0(CPI) inflation data, along with the speech of Fed\u2019s Bowman and Goolsbee later in the day. Read More…<\/a><\/div>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

GBP\/USD plunges on hot US CPI, FOMC minutes The Pound\u00a0Sterling\u00a0collapses late on Wednesday during the North American session, down by more than 1% against the US Dollar, following the release of US inflation data. Expectations for fewer rate cuts by the US Federal Reserve prompted a flight to the Greenback, which reached a new year-to-date […]<\/p>\n","protected":false},"author":2,"featured_media":9633,"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-281188","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\/281188","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=281188"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/281188\/revisions"}],"predecessor-version":[{"id":281190,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/281188\/revisions\/281190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9633"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=281188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=281188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=281188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}