The Pound rose versus the Dollar and all majors approaching weekly highs after Core CPI data came out higher than expected at 3.1% vs. 2.7%, indicating a possible rise in inflation and possibly leading to a future change in monetary policy. The GBP/USD is back on its clear technical uptrend, and if it breaks its resistance at 1.5242 the trend is likely to continue .Overall, GBP/USD traded with a low of 1.4962 and with a high of 1.5189. Today, unemployment rates are expected to remain unchanged at 7.9%.

GBP/USD - Last: 1.5205

Resistance

1.5242

 
 

Support

1.5143

1.5078

1.4963

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