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

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