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GBP/USD falls below 1.26 with UK inflation data in focus shortly this morning

The GBP/USD has just this minute fallen below the 1.26 handle ahead of the latest UK monthly inflation reports on Consumer and Retail prices. The December CPI and RPI data is due out at 7am GMT and it is expected to show falls in the annualised readings on both. The GBP/USD closed in the US last night at 1.2637, as the US dollar held its gains and there was not rebound for the Pound. The low seen a moment ago was set at 1.2597. The earlier high today was set at 1.2644. There will be an update to follow once that inflation data is released. The GBP/USD is currently trading at 1.2603

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