{"id":343177,"date":"2024-07-12T23:59:06","date_gmt":"2024-07-12T18:29:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=343177"},"modified":"2024-07-12T23:59:06","modified_gmt":"2024-07-12T18:29:06","slug":"gbp-usd-soars-as-bulls-set-their-sights-at-1-3000-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-soars-as-bulls-set-their-sights-at-1-3000-crypto-news\/","title":{"rendered":"GBP\/USD soars as bulls set their sights at 1.3000 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Soars as bulls set their sights at 1.3000<\/h2>\n<div>The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday. The\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0trades at 1.2981 after bouncing off daily lows of 1.2901. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-analysis-soars-as-bulls-set-their-sights-at-13000-202407121446\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<p><h2 class=\"fxs_headline_medium\">Pound Sterling surges as soft US Inflation boosts Fed rate-cut prospects<\/h2>\n<\/p>\n<div>The Pound Sterling (GBP) gains to an annual high near 1.2950 against the US Dollar (USD) in Friday\u2019s New York\u00a0session. The GBP\/USD pair strengthens as\u00a0softer-than-expected\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\">United States<\/a>\u00a0(US) Consumer Price Index (CPI) data for June has boosted expectations of rate cuts by the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Federal Reserve<\/a>\u00a0(Fed). Traders bet that the Fed will start reducing interest rates from the September meeting. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-exhibits-strength-as-soft-us-inflation-boosts-fed-rate-cut-prospects-202407120736\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_GBP_USD_2024-07-12_13-05-02-638563665666886188.png\" \/><\/div>\n<p><h2 class=\"fxs_headline_medium\">GBP\/USD flat lines around 1.2900 mark, below one-year peak touched on Thursday<\/h2>\n<\/p>\n<div>The\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0pair seesaws between tepid gains\/minor losses around the 1.2900 mark during the Asian session on Friday and remains well within the striking distance of a one-year peak touched the previous day. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-flat-lines-around-12900-mark-below-one-year-peak-touched-on-thursday-202407120505\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Price Analysis: Soars as bulls set their sights at 1.3000 The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday. The\u00a0GBP\/USD\u00a0trades at 1.2981 after bouncing off daily [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5474,"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-343177","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\/343177","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=343177"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343177\/revisions"}],"predecessor-version":[{"id":343182,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343177\/revisions\/343182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5474"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=343177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=343177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=343177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}