A Strong GBPUSD Push but No Break...Yet

Pound Inggris / Dollar AS (FX_IDC:GBPUSD)

FX_IDC:GBPUSD Pound Inggris / Dollar AS

GBPUSD surged after the UK statistics group reported a stronger-than-expected jump in core inflation. However, the critical follow through necessary to transition a short-term rally into a serious break - much less trend development - wasn't there. We've pushed the Cable's range, but resistance still in place. Now, what will happen with US CPI and FOMC minutes coming up?

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