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GBP/USD lifts to a new 2025 high ahead of Important UK inflation reports at 6am GMT
The dollar has fallen across the board since the US close and that has seen the GBP/USD continue to push higher and reach another new 2025 high this morning. The GBP/USD closed in the US last night at 1.3231. The high seen so far today has been set at 1.3267 and it is close to that new high right now. There is some very important UK data at 6am GMT, which could help to cement the gains, or possibly derail them. The latest CPI and RPI reports are expected to show UK prices moderating in March. Annualised UK CPI is forecast to be at 2.7%, compared to a 2.8% rise in February. Core prices are forecast at 3.4%, compared to 3.5%. Retail prices (RPI) are also forecast fall back last month. The annualised rate is expected to be at 3.2%, from a 3.4% rise in the prior month. An update here will follow once the data is released. The GBP/USD is right now at 1.3263
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