GBP/USD around 1.4160 on UK CPI

The Pound keeps the negative stance today in the wake of UK’s inflation figures, with GBP/USD now attempting a bounce to the 1.4160 region.

GBP/USD muted post-data

The pair has barely reacted to the lower-than-expected CPI figures in the UK economy, with consumer prices rising below consensus 0.2% inter-month and 0.3% on a year to May.

Despite the poor CPI results, GBP appears more concerned to the ongoing ‘Brexit’ anxiety after recent polls keep showing the ‘Leave’ vote on the lead.

GBP/USD levels to consider

As of writing the pair is retreating 0.78% at 1.4158 and a break below 1.4116 (low Jun.13) would aim for1.4088 (low Apr.14) and then 1.4004 (low Apr.6). On the other hand, the next resistance aligns at 1.4353 (100-day sma) followed by 1.4412 (55-day sma) and finally 1.4463 (20-day sma).