GBP/USD Scores Daily Gains in Absence of Data

The British Pound (GBP) rose against the U.S. Dollar (USD) and managed to finish Wednesday’s trading higher on the back of a the latter’s decline.

The GBP/USD finished at 1.4173, higher for the day by about 0.11%, after closing on Tuesday at 1.4157.

Markets are anticipating the release of May’s inflation data in the United States.

Earlier today, a drop in the U.S. Treasury bond yields led to a brief strong decline by the USD, which later regained some ground against major peers.