GBP/USD: Dips Below 1.30 on Softer than Expected UK Inflation Data

<p>Cable accelerated below 1.30 support in early Wednesday, following softer than expected UK inflation data for June, which should ease pressure on Bank of England to continue its cycle of sharp interest rate raising. Inflation in Britain fell to 7.9% in June from 8.7% previous May and fell below 8.2% forecast, while core CPI (closely […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510599-gbp-usd-dips-below-1-30-on-softer-than-expected-uk-inflation-data/">GBP/USD: Dips Below 1.30 on Softer than Expected UK Inflation Data</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>