The Pound Sterling reached four-month lows against the US Dollar. GBP/USD looks vulnerable heading into the UK inflation week. The Pound Sterling keeps sight at 1.2400 on bearish technical indicators. The Pound Sterling resumed its downside against the US Dollar , sending the GBP/USD pair to the lowest level in four months below 1.2500.
Other data from the UK showed that Industrial Production and Manufacturing Production rose 1.1% and 1.2%, respectively, on a monthly basis, in February. The week ahead: UK CPI remains on tap Following a busy week, Pound Sterling traders gear up for a relatively data-light week, with only the UK CPI inflation report for March to emerge as a key event. The inflation data will be released on Wednesday.
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