GBPUSD formed a bearish engulfing pattern yesterday as data from the Office for National Statistics showed that consumer increased less than expected at a pace of 1.8%.
Economists expected to see CPI rise 1.9% instead. The British pound came under pressure with a stronger US dollar, closing the day at $1.2468.
Price action continues to trade rather flat with $1.2400 support remaining in sight.

After today softer UK wages we can expct the GBP to continue declining, going short if 1.2400 gets breached and stays there.
Traduzir para Inglês Mostrar original