The pound breaks above the 1.3000 level after a better UK GDP reading (UK GDP (m/m) May: -0.1% (expected -0.3%; previously 0.2%)). The data may encourage the Bank of England to raise interest rates further, which, combined with dollar weakness after yesterday's CPI reading from the US, creates downward pressure on the GBPUSD pair.
Source: xStation 5
BREAKING: US CPI data lower than expected 📈US100 gains
BREAKING: US CPI lower than expected! 🚨EURUSD climbs higher!🔥
🔝US500 is 0.25% off its highs before CPI
BREAKING: EURGBP muted despite solid PMI data from the UK 🔎