Tuesday, January 15, 2013

Forex: GBP/USD back and forth ahead of UK prices data

FXstreet.com (Barcelona) - The GBP/USD is mostly trading in a back and forth manner ahead of the UK prices report in December, due at 09:30 GMT. During these latest hours, the pair has been holding at 1.6065/70, while failing to extend an upside above 1.6090. 

December CPI inflation is expected to rise 0.5% (MoM) and stay unchanged at 2.7% on the yearly figure. Both monthly input and output PPI figures are expected to come in at 0.0%, and annualized data to rise to 0.3% and 2.4%, respectively. UK retail prices should rise 0.5% (MoM). Continue Reading...

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