The US dollar remains strong among the G10 set on Thursday, with the GBP/USD pair showing little interest in budging from a consistent US$1.11 price point.
GBP/USD remains at the US$1.11 price point – Source: currency.com
Inflation and CPI data is scheduled for later today, though only a dramatic shift from expected figures will result in a pivot from the Federal Reserve’s pending rate hike in three weeks’ time.
In the meantime, the greenback could maintain its dominance against the Euro, where the EUR/USD pair currently sits under parity at US$0.97.
USD is also sitting at parity with the Swiss franc.
While a few pips were shed against the Japanese yen, the USD/JPY pair remains scarily strong for the Bank of Japan.
Changing hands at 88p, the Euro has gained 0.2% in the EUR/GBP pair in today’s trading session so far, a negligible rise given yesterday’s 1.2% drop.
The pound has also fallen against the yen, franc and Canadian dollar.