GBP/USD remains sidelined near the intraday high even as the UK’s headline inflation numbers retreat in November. That said, the Cable pair makes rounds to 1.2370 during the initial hours of Wednesday’s London trading.
UK’s headline Consumer Price Index (CPI) eased from the 41-year high of 11.1% to 10.7% YoY in November, compared to the 10.9% YoY market forecast....
The USDCHF, also known as the “swiss” is the fifth most traded currency in the Forex market. It is considered to a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.