Sterling steady as USD rebounds before delayed inflation data release

The British pound is maintaining stability against a rebounding US dollar as markets position ahead of delayed inflation data releases. GBP/USD is holding near recent levels despite broad dollar strength returning to the market. The greenback's recovery reflects renewed safe-haven demand and anticipation of upcoming economic indicators that could influence Federal Reserve policy decisions. EUR/USD has also come under pressure from the dollar's resurgence, while gold prices are consolidating as investors await clearer inflation signals. Market sentiment remains cautious with traders reluctant to take large positions before the data release. The S&P 500 is showing mixed signals, reflecting broader market uncertainty about the inflation trajectory and its implications for monetary policy. Sterling's resilience suggests underlying support, though significant moves are likely postponed until after the inflation figures provide clearer direction for currency markets.