UK CPI stays unchanged at 0.0% , GBPUSD remains under pressure !

UK456 mdy8yt
UK456 mdy8yt

UK consumer price index (Y/Y) for march has stand at 0.0% as last read and the same as expectations , UK CPI (M/M) (Mar)  also released at 0.2% as expectations and below last read 0.3%.

This development leaves the cable unsupported ,further decline is likely towards the 1.4586/1.4565 levels …note that intraday support comes at the 1.4645 levels , stability below this level on a 4 hour closing basis will accelerate the expected bearish move …………

 

Further Reading

MARKET DATA

UPCOMING ECONOMIC EVENTS