Pound Sterling Price News and Forecast: GBP/USD surges as hot US PPI fails to revive Fed hike bets

The Pound Sterling registers solid gains against the US Dollar, even though the latest US inflation data, instead of fueling speculation for a Fed hike in October, is nearly cementing the case for December. The GBP/USD trades at 1.3267, up 0.56%, after reaching a low of 1.3184. Read More...