Inflation report for GBP was finally published and we can see the effect the report had on the couple and we can now start forming a vision for the nearest future of pound.

And the results of the report are as follows: inflation was not as high in December, but the overall state of British economy is leaving much to be desired. GBP/USD couple is stuck in a rut right now. Economic data, although are not bad, are not exactly sparkling with success and surely, there have been better times for GBP/USD. All of this, put together with Brexit is already leaving a mark on couple’s performance and couple’s future.

Right now we can see, that inflation data sparked a little bit of a selloff for the couple and it is doubtful that in the next few hours we are going to see miraculous recovery for pound. On the contrary. It is likely that as the day goes by more and more traders are going to see weak inflation data which is going to spark even more selloffs.

We are hoping that GBP/USD is going to find something to lean on, but not it really does seem unlikely.

How good to have trading signals that we can really rely on right now.