Home / Forex Analysis / GBP/USD Outlook: Bulls Slip Under 1.38 After Dismal UK CPI, Firm USD

GBP/USD Outlook: Bulls Slip Under 1.38 After Dismal UK CPI, Firm USD

GBP/USD declined after the UK CPI y/y missed the market expectations. A rebound in the US dollar amid US Treasury yields has weighed on the Sterling. The market remains cautious ahead of Fed’s Beige Book publication. The GBP/USD price outlook seems to turn to the downside as the technical profit-taking has been seen after a … Continued
The post GBP/USD Outlook: Bulls Slip Under 1.38 After Dismal UK CPI, Firm USD appeared first on Forex Crunch.

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