#uk gdp

The post Sterling reverses below 1.3650 ahead of US CPI and UK GDP appeared on BitcoinEthereumNews.com. Sterling pulled back from a fresh peak near 1.3650 on Monday, easing close to 1.3610 through European trade after the Asian session squeezed the Pound to a new local high. The rejection from the 1.3650 area produced a sharp intraday reversal, with a string of red candles unwinding most of the overnight push and pointing to fading upside momentum ahead of a heavy data week. The week ahead is a US-heavy affair: Tuesday’s April Consumer Price Index (CPI) is the centerpiece, with consensus penciling in 0.6% MoM and 3.7% YoY headline alongside a 0.4% MoM, 2.7% YoY core read, in part reflecting the first full month of Iran-conflict energy pass-through. Wednesday’s Producer Price Index (PPI) print is forecast hotter again at 0.5% MoM and 4.9% YoY, with Thursday’s Retail Sales penciled at 0.5% MoM. A heavier Federal Reserve speaking calendar bookends each release, with Williams, Goolsbee, Ka