President Joe Biden said in a statement Tuesday that the August data for consumer prices “show more progress in bringing global inflation down in the U.S. economy. Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do.” He said it “will take more time and resolve to bring inflation down, which is why we passed the Inflation Reduction Act.”
BoE interest rate and weak USD: triggers for GBPUSD growth
Rising unemployment in the US is putting pressure on the USD. Against this backdrop, GBPUSD may continue to rise toward the 1.3590 area. Details —