The inflation in UK for January has fallen under the 2% target of the BOE for the first time since November 2009. The Consumer Price Index has increased with 1.9% y/y with comparison to December of 2% y/y and an expectation of the economist of 2%. The report also showed that the prices has fallen with 0.6% compared to December, which is also the biggest monthly fall since January 2009. The BOE expect the inflation to be close to the target of 2% and will keep the interest rate of 0.5 to stimulate the economic grow.
On the other site of the world we have mixed economics data from US and we are waiting to see if miss Yellan will pause on the tapering. So in conclusion if we see some strong data from US and continue to see weak data from UK we may be on the top of the GBPUSD right now and we may see a new swing(check the weekly chart) all the way down to ~ 1.5

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