The GBP/USD has risen nearly 35 pips after the release of the US inflation data, which rose 6.8% annually in November, as expected, its highest level since 1982. The pair jumped to new two-day highs at 1.3242 With the news.
The consumer price index excluding food and energy year-on-year grew 4.9%, meeting forecasts, above the previous 4.6%, its highest level in the thirteen years of publication of the series.
Following the initial rally, the pair has lost some momentum, and is now trading above 1.3235, gaining 0.11% on the day. The pound / dollar traders now await another key piece of data, the preliminary index of consumer sentiment from the University of Michigan for the month of December, which is expected to fall to 67.1 from 67.4 points in November.
GBP/USD Niveles
In case of higher rises, the cross will find resistance at 1.3261, ceiling of December 8, prior to the barrier located in the area 1.3285/90, where are the peaks of December 6 and 7. Higher up, the psychological zone of 1.3300 will be the goal to overcome.
On the downside, the first important supports appear in 1.3170/60, soil of December 9 and 8, respectively. The 1.3160 ​​zone also marks the lowest level in a year. If broken, it could trigger a decline towards the 1.3000 region.
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