U.K Consumer Inflation Below Forecast 0.3%, GBPUSD Tests 1.4220 levels !

Forex 659454

The U.K consumer price inflation rose 0.2%, from -0.8% in the previous┬ámonth, missing forecast of 0.4% in the last month…

(Year-Over-Year) consumer price inflation stood at 0.3% as the previous month, missing forecast of 0.4% in the last month…

This scenario put the GBPUSD under pressure and pushed the pair down towards daily chart support at 1.4220 levels. Stability above this level could mean a return to the 1.4409 levels. a clear break below 1.4220 will open 1.4052 levels….

Further Reading

UK pound dollar2565

GBPUSD Daily Forecast Mar 22 2016

Outlook in GBPUSD has turned neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.4409 levels,...