GBP/USD is attempting gains, trading slightly higher on the day around 1.4238 ahead of the data in the UK which could show cost of living ticked higher in March. Offered at 1.4286 The currency pair ran out of steam at a high of 1.4286 in the NY session yesterday after the BRC monitor showed retail sales were flat lined in March. The spot thus trimmed gains and ended below 50-DMA level. The focus today is on UK CPI data. Economists expect March CPI to print at 0.4% y/y and 0.3% m/m. Core inflation is also seen rising 1.3% y/y as opposed to February figure of 1.2% y/y. GBP/USD Technical Levels The pair currently trades around 1.4240 levels. Acceptance above 1.4252 (50% of 1.4669-1.3835) + 1.4257 (50-DMA) would open doors for a rise to 1.43 levels. Conversely, a breakdown of immediate support at 1.4215 (10-DMA) would shift risk in favor of a drop to 1.4154 (38.2% of 1.4669-1.3835). For more information, read our latest forex news.