The highly-anticipated United Kingdom’s (UK) Consumer Price Index (CPI) data will be published by the Office for National Statistics (ONS) at 06:00 GMT on Wednesday.
The March UK CPI report will be released by the Office for National Statistics on Wednesday. United Kingdom’s headline and core annual inflation are set to ease in March. The UK CPI report could hint at the BoE’s interest rate cut, rocking the Pound Sterling. The highly-anticipated United Kingdom’s Consumer Price Index data will be published by the Office for National Statistics at 06:00 GMT on Wednesday.
Dhwani Mehta, Asian Session Lead Analyst at FXStreet, offers a brief technical outlook for the major and explains: “The GBP/USD pair closed below the static support of 1.2450 on Monday, reinforcing the bearish interests. The 14-day Relative Strength Index stays vulnerable below the midline, near 32.0, suggesting that there is more room to the downside for the Pound Sterling.” Dhwani adds: “A decisive break below the 1.
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