The Sterling fell against the Dollar trading below 1.57 levels. The Pound has been trading between 1.5560 and 1.5760 for a almost a week and until those levels are breached it remains in this channel. Overall, GBP/USD traded with a low of 1.5611 and with a high of 1.5719. Today, the CPI is expected at 3.6% vs. 2.9% previously and the Core CPI is expected at 3.2% vs. 2.8% previously.
GBP/USD - Last: 1.5682