The Pound Sterling (GBP) strengthens against the US Dollar (USD), reaching near 1.2750 in Thursday’s North American session. This surge comes after the release of higher-than-expected US Initial Jobless Claims data for the week ending November 29, which showed a rise to 224K claims, surpassing both estimates and the previous week's 215K figure.
BoE DMP Survey: UK Inflation Expectations Rise to 2.7%
The latest quarterly survey from the Bank of England’s (BoE) Decision Maker Panel (DMP), released on Thursday, reveals that one-year ahead expected CPI inflation by UK firms has increased by 0.1 percentage points to 2.7% for the December quarter.
GBP/USD Holds Steady Above 1.2700 Amid Subdued USD Movement
The GBP/USD pair maintains a mild positive bias for the third consecutive day, holding steady just above the 1.2700 level during Thursday's Asian session. However, spot prices are lacking bullish momentum, staying below the weekly high touched on Monday.
