British Pound (GBP/USD) Latest: The US Dollar is Back in the Driver’s Seat

From dailyfx.com

The US economic docket looks set to decide the market direction for a range of US-dollar pairs this week before the Christmas break sets in. Aside from a sharp bout of volatility in the Japanese Yen on Tuesday, overall the foreign exchange market has been quiet this week as traders put their trading books away for the seasonal break. There may be one last burst of volatility on Friday however when the latest US inflation data, core PCE, and Michigan Consumer sentiment report are released. The inflation numbers for November will be closely parsed to see if price pressures in the US can fall for the third month in a ... (full story)