Home Forex News Sterling Remains Flat Ahead of Inflation Release on Wednesday

Sterling Remains Flat Ahead of Inflation Release on Wednesday

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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

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