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GBP/USD Forecast: UK CPI-driven rally could be short-lived

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a low of 1.5107 on Monday before trimming losses slightly to end around 1.5140 levels. The sharp losses in oil once again dragged the currency lower. The oil dive surely brings inflation expectations lower, but the slide in Pound was due to the fact that the energy and mining sector in the UK is exposed to slide in commodities and could end up adding to unemployment. CPI-driven rally in Sterling could be short-lived The CPI in November is seen contracting 0.1% m/m, but

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