GBPUSD us pushing higher step-by-step and as you can remember, the pair struggled to take out 1.7000 & 1.7100 and it seems it is the same story with 1.7200.
However, todays CPI may change that, as the outcome is widely expected to be a solid indicator for the possible rate hike in the near future. As skeptical as I am about every rate hike story that appears in the vast space of internet, one should be ready for a strong reaction in Pound - in either direction. Whatever the outcome is, a strong spike is highly probable.
However, todays CPI may change that, as the outcome is widely expected to be a solid indicator for the possible rate hike in the near future. As skeptical as I am about every rate hike story that appears in the vast space of internet, one should be ready for a strong reaction in Pound - in either direction. Whatever the outcome is, a strong spike is highly probable.