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Pound Sterling (GBP) came under bearish pressure after the UK released some welcome January Consumer Price Index (CPI) numbers. Economists at ING analyze GBP outlook.
Headline and core figures have come in marginally lower than expected. The CPI services figure, which is closely watched by the Bank of England, has edged up to 6.5% YoY but remains lower than the 6.8% consensus.
This softer data has helped EUR/GBP bounce off support at 0.8500 and sent GBP/USD under 1.2600 again.
Look for testimony from the Bank of England's Andrew Bailey where he may shed more light on whether the BoE is confident enough to be cutting rates later this year. This probably should be seen as a negative event risk for Sterling.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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