GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets

  • GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected. This, along with a rise in jobless claims, was a tailwind for Sterling, which trades at 1.3600 against the US Dollar (USD), up by over 0.47%.