GBP/USD: Cable Stands at the Back Foot ahead of UK CPI Report and BOE Rate Decision

<p>GBPUSD bears slowed on Friday but hold grip and point to further weakness, following a 0.6% drop on Thursday. Adding to negative signals was break below 200 DMA (1.2431) for the first time since early March, with Friday’s close below it, to reinforce bearish structure. Fresh extension lower probed below 1.2400 handle after 3 ½ […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/518862-gbp-usd-cable-stands-at-the-back-foot-ahead-of-uk-cpi-report-and-boe-rate-decision/">GBP/USD: Cable Stands at the Back Foot ahead of UK CPI Report and BOE Rate Decision</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>