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FROM UK CONSUMER PRICE INDEX IS EXPECTED TO DECREASE TODAY

News Date: 14/10/2014 00:51:37
 

Change in the price of goods and services purchased by consumers is expected to decrease today, CPI news will be released at 8:30 GMT and in case it came in red as expected that will be translated as weakness on GBPUSD chart.

With negative news GBPUSD might find hard time to hold above the psycho support level 1.60 and might dive again toward 1.59 if news came in red, on the other hand in case news did surprise the market with a green number than GBPUSD might gain strength and push above 1.61

Provided By Fxhighway

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