The UK CPI inflation data for December was released at 9:30 am GMT. The reading showed price growth slowing from 1.5% YoY to 1.3% YoY while markets expected price growth to remain unchanged. Prices remained unchanged on a monthly basis (0% MoM). The release can be considered a disappointment and market acts in-line with it. GBPUSD extends drop and continues to trade within the support zone.
GBPUSD dips further into the support zone after CPI inflation data came in weaker than expected. Source: xStation5
Daily Summary - Powerful NFP report could delay Fed rate cuts
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️