Stop me if you've heard this one before but the pound is being sold again on weaker data
While Eurozone inflation is showing signs of basing, at least for the moment, we're still seeing softer core CPI data in the UK with RPI also showing signs of cheaper prices on the high street
The 0NS reported annualised March CPI at -0.01% to two decimal places and that's a first negative reading for the UK
GBPUSD is down from 1.4645 testing the decent support at 1.4600 that I highlighted prior and EURGBP is also trying to chew through the key 0.7220-25 offers, but both failing so far which tells us there is some decent GBP demand in the dips out there still
