[FOREX NEWS] UK inflation jumps to 2.9% – GBP/USD bounces

Prices are rising at a faster clip than expected. Month over month, headline CPI rose by 0.3%, above 0.2% expected. Year over year, the advance is already 2.9% in May, also beyond 2.7% projected. It is not only energy. Core CPI follows through to 2.6%, above 2.4% expected. GBP/USD is bouncing from the lows, hitting [...]

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[FOREX NEWS] GBP/USD loses support on 3 political developments

The pound enjoyed a period of consolidation after PM May stabilised her position thanks to a controversial government. However, things never stand in the same place. Her narrow majority is already running into instability. GBP/USD is reacting by losing the support line of 1.27, hitting a new low 1.2670. We are still not at the [...]

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[FOREX TIP] GBPAUD Price Action Analysis – 9th June 2017