FX Market Update: GBPUSD - bears are back on the UK July CPI news!

Tradehay · 18 Aug 2022 1.7K Views

Tradehay.com: 17/08/2022 - 07:44

• UK CPI in July rose above previous expectations (+10.1% vs +9.8%).

• GBPUSD rose right after the news was released, but the pressure from the sellers caused the pair to drop back on the H1 frame.

• Currently GBPUSD is trading at 1.2102 (41 pips down from today's high).





Editor：Callie
Proofreading：AUREL

 

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