GBP/USD Forecast: downward pressure prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The GBP/USD pair jumped higher ahead of the release of inflation data in the UK, reaching a daily high of 1.4515. The news however, came out mixed as during January, the CPI rose by 0.3%, compared to a year before, but fell by 0.8% compared to December 2015. The producer price index, also continued to fall at the beginning of the year, as output prices for goods produced by UK manufacturers fell 1.0% in the year to January 2016, compared with a fall of 1.4% in the year to December 2015, while

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