The GBP/USD pair attracts some dip-buyers during the Asian session on Friday and, for now, seems to have snapped a two-day losing streak to the weekly low, which it touched the previous day. Spot prices, however, struggle to capitalize on the uptick beyond the 1.3500 psychological mark, warranting some caution for bullish traders.
Traders further scale back their expectations for Federal Reserve (Fed) rate hikes following the release of a soft US Producer Price Index (PPI) report on Thursday. Moreover, the lack of surprise from the US Consumer Price Index (CPI) on Wednesday pointed to signs of cooling inflation and gives the US central bank…
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