14 Jul 2015
GBP/USD around 1.5470 on UK CPI
FXStreet (Edinburgh) - The sterling posted little reaction after the UK releases today, with GBP/USD navigating the 1.5470 area.
GBP/USD weaker post-UK data
The pair is posting marginal losses after the UK inflation figures showed consumer prices came in flat on a monthly basis and over the last twelve months, vs. expectations at 0.1% and 0.0%, respectively.
Further data showed Core prices rising at an annual pace of 0.8% during June vs. 0.9% from the previous month.
GBP/USD levels to consider
As of writing the pair is down 0.10% at 1.5470 and a break below 1.5451 (low Jul.14) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8). On the flip side, the next hurdle lines up at 1.5494 (high Jul.14) ahead of 1.5591 (high Jul.13) and finally 1.5628 (high Jul.6).
GBP/USD weaker post-UK data
The pair is posting marginal losses after the UK inflation figures showed consumer prices came in flat on a monthly basis and over the last twelve months, vs. expectations at 0.1% and 0.0%, respectively.
Further data showed Core prices rising at an annual pace of 0.8% during June vs. 0.9% from the previous month.
GBP/USD levels to consider
As of writing the pair is down 0.10% at 1.5470 and a break below 1.5451 (low Jul.14) would open the door to 1.5364 (low Jul.10) and then 1.5330 (low Jul.8). On the flip side, the next hurdle lines up at 1.5494 (high Jul.14) ahead of 1.5591 (high Jul.13) and finally 1.5628 (high Jul.6).