GBPUSD heavy post CPI

16 Eki

Intraday Update: After a miss in the UK CPI and PPI data the GBPUSD broke below the 1.3000 level and has risen back above since the release. However, it looks like it is struggling to make it back above the 1.3025 level. A close below the 1.3000 level would be a bearish event into the end of the week and put the sub 1.2900 level in view.