U.K Consumer Price Index Falls to – 0.1% in April , GBPUSD Follows !

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The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

The U.K CPI fell from 0.0% to -0.1% in the previous month, analysts had expected it to remain unchanged 0.0% last Month…

Month-over-month, U.K CPI remains unchanged 0.2% but misses forecast at 0.4%.

This development keeps the GBPUSD under pressure and push it lower almost towards the key support 1.5515 , a cut through the 1.5515 levels will turn focus on the 1.5354 levels.

On the upside, any rise above the 1.5515 levels should be limited by the 1.5655/1.5700 levels where fall resumption is likely…