GBPUSD : Ease in inflation to 3.2% may favor the bears

GBPUSD : Ease in inflation to 3.2% may favor the bears

As long as GBPUSD will develop below a major structure zone, we are likely to see GBPUSD
moving down for a bigger correction.

Bets are growing that the FED will not lower the interest rate at the June meeting. This could give a boost to the USD in the short-term.

🚨On the other hand today, the UK CPI data came in at 3.2% in March vs the 3.1% expected.

You may find more details in the chart!
Thank you and Good Luck!

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