GBP/USD has reacted positively to a leap in inflation after weak wage data beforehand. Brexit, coronavirus, and the Fed’s minutes are set to move cable as Yohay Elam from FXStreet notes. Key quotes “Another ‘buy the dip’ reaction has proved profitable for pound traders. GBP/USD has been on the rise after the Consumer Price Index jumped from 1.3% yearly to 1.8% in January – leaping over expectations, which stood at 1.6%. At around 1.3020, sterling is extending its gains.” “Sterling also weathered rhetoric regarding Brexit. The EU continues insisting on regulatory alignment and playing by its rules in return for easy market access. On the other hand, the UK stressed that the whole point of Brexit was that Britain would be able to set its own rules. Many expect both sides to tone down when they enter official talks in March.” “Later in the day, the Federal Reserve’s Meeting Minutes release is set to shed some light on January’s decision. Back then, the Fed left interest rates unchanged and signaled a long pause. On the other hand, markets foresee a reduction in borrowing costs later this year.” “US Housing Starts and Building Permits are also of interest, and they will likely show that the construction sector remained robust in January.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI renews three-week high near $53 ahead of API data FX Street 2 years GBP/USD has reacted positively to a leap in inflation after weak wage data beforehand. Brexit, coronavirus, and the Fed's minutes are set to move cable as Yohay Elam from FXStreet notes. Key quotes “Another ‘buy the dip’ reaction has proved profitable for pound traders. GBP/USD has been on the rise after the Consumer Price Index jumped from 1.3% yearly to 1.8% in January – leaping over expectations, which stood at 1.6%. At around 1.3020, sterling is extending its gains.” “Sterling also weathered rhetoric regarding Brexit. The EU continues insisting on regulatory alignment and playing by its rules in return for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.