Forex Trading News: GBPUSD Making Some Interesting Moves Post CPI
By Mr. Danish FX
Created May 13 2008 - 5:02am
The GBPUSD made a big figure drop after making some gains after the higher than forecast CPI data. After inflation rose to a high not seen since July 2002 in the UK, it appears that traders reversed their initial reactions as the data was digested.