British Pound futures broke out of recent ranges as U.S. dollar slipped

Bob Iaccino of Path Trading Partners analyzes the recent price action in September British Pound futures, noting the contract's strongest rally since last April. With the pound breaking out of its range, he examines the impact of hawkish commentary from Bank of England officials regarding persistent wage and price growth. Additionally, softer U.S. CPI and PPI data are driving Treasury yields lower, contributing to a weaker U.S. dollar and providing a tailwind for major currency pairs.