Pound Broadly Weakened

Forex News

The Sterling declined a hundred points due to disappointing Consumer Price Index, which in turn has reduced 2.60% yoy. Currently, the currency is trading at 1.3027. This data and reaction might be even worse than the one in the US, where the dollar softened as Trump’s healthcare bill was rejected. The Pound met support at 1.3020 and resistance at 1.3125.