U.K Consumer Price Inflation Up 0.1% In Nov, Buy GBPUSD On Dips!

forex inflation 25 min
forex inflation 25 min

The U.K consumer price index fell 0.%, from 0.1% in the previous month, passing forecast of -0.1% in the last month.

(Year-Over-Year) consumer price index rose 0.1%, from -0.1% in the previous month, meeting forecast of 0.1% in the last month….

Market impact: This development should support the British pound against the U.S dollar, so the GBPUSd is expected to rise, but in the case of a pullback, buying the pair on dips is recommended, immediate support comes at the 1.5110 levels, resistance comes at the 1.5230/1.5270 levels…

Further Reading

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MARKET DATA

UPCOMING ECONOMIC EVENTS