BREAKING: GBPUSD deepens decline after inflation miss

The UK CPI inflation data for December was released at 9:30 am GMT. The reading showed price growth slowing from 1.5% YoY to 1.3% YoY while markets expected price growth to remain unchanged. Prices remained unchanged on a monthly basis (0% MoM). The release can be considered a disappointment and market acts in-line with it. GBPUSD extends drop and continues to trade within the  support zone.

GBPUSD dips further into the support zone after CPI inflation data came in weaker than expected. Source: xStation5

3 markets to watch next week
Coronavirus: market update
Crypto newsletter: Crypto market slowly recovers
Economic calendar: Sales figures from Canada and US consumer sentiment data
Morning wrap
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.