The pound has been on a bull run during the past couple of weeks. It rallied today into what proved to be a better than expected inflation data release, and extended gains after the release. Nothing suspicious here.

GBP/USD broke above August high and is currently trading at the highest level since last September. 1.3350 - 1.3375 is the next target and then 1.3450 - 1.35. 1.3225 is the initial support. Tomorrow U.K. releases labour market report and then BOE meets on Thursday.

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