The Consumer Price Index in the UK is at an annual level of 2.5%, down from 2.6% last month and within expectations. Other inflation indicators came out a bit below expectations. GBP/USD remains stable at around 1.6240 following the publication and is even ticking a bit higher. Core CPI is at an annual pace of 2.1%. The Retail Price Index fell from 3.2% to 2.9%, below expectations of 3.1%. The House Price Index dropped from 2.3% to 2%, also under predictions of 2.2%. These figures are a bit weak, but probably not enough to move the central bank to action anytime soon. GBP/USD is still enjoying the big gains following the announcement of QE3 last week. Significant resistance appears at the round number of 1.63. This proved to be a very tough level in the past. Very serious support is at 1.60. For more on the pound, see the GBPUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next German ZEW Economic Sentiment: -18.2 Points, EUR/USD Still Struggling Yohay Elam 11 years The Consumer Price Index in the UK is at an annual level of 2.5%, down from 2.6% last month and within expectations. Other inflation indicators came out a bit below expectations. GBP/USD remains stable at around 1.6240 following the publication and is even ticking a bit higher. Core CPI is at an annual pace of 2.1%. The Retail Price Index fell from 3.2% to 2.9%, below expectations of 3.1%. The House Price Index dropped from 2.3% to 2%, also under predictions of 2.2%. These figures are a bit weak, but probably not enough to move the central bank to action… 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.
