17, April 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

UK inflation rose to 2.8%

Economic dossier is expected to show growth in the UK inflation at 2.8% in March, which may support the pound for the next 24 hours of trading. GBP/USD may grow before the release of the Bank of England minutes today, the policy statement is likely to show another split (6-3), the Monetary Policy Committee.