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Short

GBPUSD forecast 9 September 2014

FX:GBPUSD   British Pound / U.S. Dollar
Treasury Select Committee hearing – Inflation Report: Mark Carney, Minouche Shafik, Martin Weale, David Miles at 15:45 CET -

Last data: The UK annual inflation rate decelerated to 1.6 percent in July from 1.9 percent in June. Falls in clothing prices contributed the most to the drop while other downward effects came from alcohol, financial services and food.

I expect Cable to fall further. First resistance 1.6155 valid till 16:00 CET tomorrow.
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