GBP/USD spiked to 1.5460 post-UK CPI

By FXStreet FXStreet (Edinburgh) – The pound has pushed higher vs. the dollar post-UK CPI, taking GBP/USD to fresh daily tops around 1.5460, although the up move proved to be ephemeral.

GBP/USD muted on UK data

The pair keeps the range after UK consumer prices failed to surprise markets during August, coming in flat on a yearly basis and rising 0.2% inter-month. Core prices matched expectations at 1.0% over the last twelve months.

Spot is clinging to daily gains near 1.5440, with US Retail Sales due later emerging as the next risk event for the pair.

GBP/USD levels to watch

As of writing the pair is up 0.06% at 1.5437 and a breakout of 1.5473 (high Sep.14) would open the door to 1.5505 (high Aug.27) and then 1.5547 (high Aug.7). On the other hand, the immediate support lines up at 1.5373 (low Sep.14) ahead of 1.5338 (low Sep.10) and finally 1.5299 (low Sep.8).
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Source:: FX Street