The GBP/USD crashed to the lowest level since November 2020 after the strong American consumer inflation data. It is trading at 1.3088, which is about 8% below the highest level in 2021. The GBP/USD pair has been in a strong downward trend in the past few months as the US dollar strength resumes. On Thursday, the pair’s sell-off continued after the US published strong consumer inflation data. According to the Bureau of Labor Statistics, American inflation jumped to about 7.9% in February as the cost of most items rose. Air tickets, food items, gasoline, and used cars were among the biggest movers. Excluding the ... (full story)