Meanwhile Sterling remains subdued ahead of Consumer price index for July, due on Wednesday and is expected to show an uptick of 0.6 % from a year earlier. Apparently markets turned worry that inflation could turn negative in the months ahead, bringing important implications for the path of monetary policy and the pound which stands at low probability for the time being.
TREND : WEAK BULLISH / SIDEWAYS
Time : 17/07/2020
Pivot : 1.3098
Technical View : LONG ABOVE 1.3118
Target : 1.3129, 1.3138, 1.3142, 1.3177
Technical View : SHORT BELOW 1.3078
Target : 1.3071, 1.3067, 1.3058, 1.3037