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GBP/USD sets a daily close below 1.3000

The impact of the lower than forecast UK inflation data did send the Pound lower again yesterday afternoon and delivered a daily close below the 1.30 handle. Prior to that the GBP/USD had rebounded from an earlier session low at 1.2983 resultant from that lower CPI and RPI data. The rebound from the low then extended to as high as 1.3038, but questions were asked here, as that rebound took place, as to whether it could hold. Well, it did not and the GBP/USD fell back into the US close, ending that session at 1.2990. It has had a look above the 1.30 handle again today, peaking earlier at 1.3001. The low seen during the Asian session has been set at 1.2981. The GBP/USD is currently trading at 1.2986
 

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