Markets Braced for Next Week’s Data Deluge, GBP/USD Exchange Rate Trades Above 1.2600 The Pound to Dollar exchange rate (GBPUSD) managed to hold above 1.2600 on Friday and edged higher to 1.2635 after the US data, but struggled to make any significant headway. The annual benchmark revisions to the US consumer prices inflation data produced less reaction than the previous year. There was a downward revision to the December monthly data, but this was offset by a slight upgrade to the November data. Overall, there was only a marginal increase to the 3-month annualised figure. This sparked an element of relief with small ... (full story)