Pound Sterling Price News and Forecast: GBP/USD climbs as US CPI miss fuels Fed rate cut bets

  • GBP/USD advances on Wednesday during the North American session, boosted by a weaker-than-expected consumer inflation report in the United States (US), which increased speculation that the Federal Reserve (Fed) may reduce borrowing costs twice in 2025. At the time of writing, the pair trades at 1.3537, up 0.34%.