Cable continues to inch lower after inflation report release - ConsultFX

Cable continues to inch lower after inflation report release

GBP/USD touched a low of 1.3312 upon the release but bounced back And now is slowly tracking lower again just under the 1.3320 handle after bouncing back up to 1.3330. The inflation report failed to offer any new developments to the wage rhetoric and that means there isn't anything to add to the BOE rate hike