U.K Consumer Price Inflation Rises 0.2% In Dec, Sell GBPUSD Below 1.4350 levels

Forex 12654

The U.K consumer price index (CPI) rose 0.1%, from 0.0% in the previous month, meeting forecast of 0.1% in the last month…

(Year-Over-Year) U.K CPI rose 0.2%, from 0.1% in the previous month, analysts had expected the indicator to remain unchanged at 0.1%.

Market Impact:

This development should support the GBP against the U.S dollar, buy any rise should be limited by the key resistance 1.4350, support comes at the 1.4235 levels where a cut will open 1.4050………

Further Reading

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