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GBP/USD Forecast: bearish pressure mounts on mixed CPI

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair plunged to 1.4251 ahead of the release of UK inflation data, following a sharp decline in European stocks' opening. Figures came in mixed, as February CPI rose 0.3% compared to a year before as expected, and 0.2% monthly basis, missing expectations. The core reading remained at 1.2%. UK consumer prices have risen 0.4% on a year to February and 0.2% inter-month, both prints coming in below expectations; the Core CPI showed prices rose 1.2% YoY, matching initial

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