Meanwhile, the latest data lifted pressure on the GBPUSD , as it came below market expectations as well. The consumer price index declined towards the target at 2.00 percent for the first time since 2009, which would ease pressure on the , and to maintain interest rates near zero for a longer time, and until further sustainable improvement in the U.K economy.
Accordingly, I am looking for further correctional downside pressure on the GBPUSD , supported by the decline in figures in the U.K. and probably a sustained economic recovery in the U.S.
Technically, a break below the rising and 50-days and most importantly 1.6250 may confirm this bias. Targets start at 1.6070 then 1.5890.