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GBP/USD reclaims 1.28 after US CPI misses a beat

Following on from the previous update noting the across the board miss in US CPI, the dollar has not just fallen versus the Yen. The European currencies have all benefitted from the lower CPI print. The EUR/USD has spiked above 1.08 and the GBP/USD has now lifted to a new rebound higher, breaking above the previous high, at 1.2817. The pound has spiked to 1.2845 as Sterling shorts rush to cover as the dollar slides. The GBP/USD is currently trading at 1.2833
 

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