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GBP/USD Forecast: mixed data fails to boost Pound

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair extended its decline to a fresh weekly low of 1.5153 ahead of the release of the UK inflation data, weighed by a greenback's broad recovery as risk aversion eased. In October, the Consumer Price index declined by 0.1% compared to a year before as expected, while the Core reading resulted at 1.1%, better than expected and previous. The relatively good news was tempered by poor PPI readings, and the fact that inflation fell 0.1% compared to the previous month. The pair

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