Russia Consumer Price Index (MoM): 0.6% (July) vs 0.2%

Aug 13, 2025

GBP/USD rallies as Fed cut bets soar despite hot core CPI

The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.

WTI Crude plunges to two-month low as surprise US stock build stokes oversupply fears

West Texas Intermediate (WTI) Crude Oil slumped further on Wednesday, falling below the psychological $62 mark and hitting its lowest level since early June.