GBP/USD Eyes 1.3 Handle With US CPI on Tap - Key Entry, Exit Levels to Monitor
==========
The GBP/USD is in a holding pattern ahead of the release of US inflation data. The upcoming release of US inflation data is likely to alter the expectations of a September rate cut. The first impressions of Keir Starmer as UK Prime Minister have pleased investors. UK GDP is expected to show 0.2% growth month on month. The US dollar will remain in focus with the release of CPI and PPI data. A weak CPI print could indicate a return to disinflation. The GBP/USD technical outlook is turning positive, with key support at 1.2700 and resistance at 1.3000.
#Gbp/usd #UsCpi #KeirStarmer #UkGdp #UsDollar
https://uk.investing.com/analysis/gbpusd-eyes-13-handle-with-us-cpi-on-tap--key-entry-exit-levels-to-monitor-200611138
Investing.com UK /
npub1em…ucllf
2024-07-10 14:02:17
Author Public Key
npub1em7dyua4kecyhe868eq29cthns4hkhssjykccv3j0hg9656nzm8s2ucllfPublished at
2024-07-10 14:02:17Event JSON
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"content": "GBP/USD Eyes 1.3 Handle With US CPI on Tap - Key Entry, Exit Levels to Monitor\n==========\n\nThe GBP/USD is in a holding pattern ahead of the release of US inflation data. The upcoming release of US inflation data is likely to alter the expectations of a September rate cut. The first impressions of Keir Starmer as UK Prime Minister have pleased investors. UK GDP is expected to show 0.2% growth month on month. The US dollar will remain in focus with the release of CPI and PPI data. A weak CPI print could indicate a return to disinflation. The GBP/USD technical outlook is turning positive, with key support at 1.2700 and resistance at 1.3000.\n\n#Gbp/usd #UsCpi #KeirStarmer #UkGdp #UsDollar\n\nhttps://uk.investing.com/analysis/gbpusd-eyes-13-handle-with-us-cpi-on-tap--key-entry-exit-levels-to-monitor-200611138",
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