GBP/USD retreats as sticky PCE revives Fed hike bets
British Pound retreats as sticky PCE revives Fed hike bets Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the end of the year. The GBP/USD exchanged hands below 1.3600, after reaching a high near 1.3651. Read…











