Friday, October 16, 2026

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GBP/USD sees possibility to 1.4890 if UK CPI zero or negative

UK inflation data for Feb due 0930GMT. CPI consensus +0.1% y/y vs 0.3% in Jan GBP could fall to 1.4890 against US dollar if zero or negative number Support seen at 1.4920 (Asia low), 1.4881/86 & 1.4840 Resistance located…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • UK inflation data for Feb due 0930GMT. CPI consensus +0.1% y/y vs 0.3% in Jan

  • GBP could fall to 1.4890 against US dollar if zero or negative number

  • Support seen at 1.4920 (Asia low), 1.4881/86 & 1.4840

  • Resistance located at 1.4975 (Asia high), 1.4990 (Monday high) & 1.5008

 

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