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GBP/USD: Slight intraday gains after the release of the UK CPI report

15/09/20211 min. read

The latest reports by economic analysts indicate that GBP/USD kept its modest gains, near the 1.382 area. In particular, we are reading that: 

 

 

GBP/USD Slight intraday gains after the recent release of the UK CPI report. Technical analysts suggest:

 

  • GBP/USD refreshed daily tops, showing a small bounce from weekly lows from earlier this Wednesday (September 15).

 

  • The Intraday positive move of the pair was supported by the stronger-than-expected UK consumer inflation figures.

 

  • The headline CPI increased up to 0.7% in August (vs 0.5% in July). The rate of inflation during the past year exceeded market expectations and went up to 3.2% in the reported month (vs 2% in July).

 

  • A slight rise in the rebounding US Treasury bond yields supported the US Dollar and capped gains for the pair.

 

 

(Source: fxstreet.com)

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