UK inflation beat its forecast on the headline, core and monthly measures on Wednesday, and the Pound barely moved. GBP/USD holds just under 1.3400, with no daily close above it since September 15.
AUD/USD extends its gains on Wednesday, rising 0.42% on the day to trade around 0.7025 at the time of writing. The pair records its fourth consecutive day of gains, reaching a fresh one-month high after rebounding from its lowest level since July, below 0.6900, last week.
Silver (XAG/USD) extends its decline on Wednesday, trading around $57.50, down 0.89% on the day at the time of writing. The precious metal remains under pressure as rising United States (US) Treasury yields and a modest recovery in the US Dollar (USD) reduce the appeal of non-yielding assets.