British Pound Fails to Hold Ground Despite the Rise in U.K. CPI, Euro Consolidate

The British Pound advanced against the greenback during the European session, with the exchange rate rising to a high of 1.6875 as the economic docket reinforced an improved outlook for the U.K however, the GBP/USD failed to hold ground as investors scaled back their appetite for risk ahead of the U.S. session.

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British Pound Fails to Hold Ground Despite the Rise in U.K. CPI, Euro Consolidate

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The British Pound advanced against the greenback during the European session, with the exchange rate rising to a high of 1.6875 as the economic docket reinforced an improved outlook for the U.K however, the GBP/USD failed to hold ground as investors scaled back their appetite for risk ahead of the U.S. session.

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British Pound Fails to Hold Ground Despite the Rise in U.K. CPI, Euro Consolidate

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