Yes folks, next up the ramp to provide more spills n thrills is the UK CPI/RPI/PPI readings for May
BOE gov Carney seems adamant that CPI will be picking up strongly by year-end but I'm still not sure how he arrives at that conclusion with such conviction
Either way ,he's going to need to see some positive readings hitting the back of the net before too long and the market will be working on that premise
A strong reading will see cable testing 1.5650 but the big res remains around 1.5700. Softer data will see the pound having a wobble but given the recent demand I'm not expecting a major collapse
Currently 1.5604 having found support into 1.5580 EURGBP 0.7242
Here's today's forecasts
