FXstreet.com (Barcelona) - The Sterling (GBP) broke above the key 1.4660 level and remained very well supported on comments by BOE King and solid economic data. Inflation surprised to the topside with Core CPI (Feb) rising 0.9% vs. -0.7% previously, said Easy Forex Team.
Retail Sales (Feb) rose to 0.6% vs. -0.2% forecast. BOE King said there is no reason for the Pound to weaken and that it contributed to a high CPI reading. Overall the GBP/USD traded with a low of 1.4560 and a high of 1.4777 before closing the day at 1.4700 in the New York session