Sterling: UK CPI in the focus. Most likely flat data.
This is the most important UK data this week. We also have UK employment report on Wednesday, so Sterling is the main character on the stage next two days.
I think the data most likely is flat or worse is ngegative.
GBPUSD seems lost momentum at 1.5400 I show on the chart.
If data is negative, G/U could back 1.5200 in the near term.
However, !.5400 is a strong resistance only a strong data could trigger a move above this level.
I think the data most likely is flat or worse is ngegative.
GBPUSD seems lost momentum at 1.5400 I show on the chart.
If data is negative, G/U could back 1.5200 in the near term.
However, !.5400 is a strong resistance only a strong data could trigger a move above this level.