GBP/USD 1.2470, US economic data in focus

In early Asian trading on Thursday, GBP/USD fluctuated down to 1.2450. This fluctuation was due to British inflation data falling further, and the market expected that the Bank of England would start cutting interest rates within the year.

U.S. economic data in focus

Although GBP/USD remains at resistance at 1.2470, market focus turns to US economic data. Investors will pay close attention to U.S. employment data, inflation rates and other important indicators to assess the performance of the U.S. economy.

Bank of England rate cut expectations intensify

As British inflation data fell, market expectations for a rate cut by the Bank of England further intensified. This could put pressure on the GBP/USD exchange rate, causing the pound to move lower.

Brexit uncertainty affects currency market volatility

In addition to economic data, Brexit uncertainty also has an impact on currency markets. Investors are concerned about Britain's future relationship with the European Union, which could lead to increased volatility in the pound.

Investors should remain vigilant

In such a market environment, investors should remain vigilant and pay close attention to the impact of various factors on the foreign exchange market. Adjust investment strategies promptly to respond to market fluctuations.