FXstreet.com (Córdoba) - The pound extended gains versus the greenback at the beginning of the American session after a report showed US consumer prices remained tame in September, leaving room for the Fed to continue with its USD-weakening accommodative policy.
GBP/USD reached an 8-day high of 1.6130 before easing a tad to currently quote at the 1.6115 zone, still up 0.3% on the day. As for technical levels, next resistances could be found at 1.6140, 1.6160 and 1.6200, while on the other hand supports are seen at 1.6060, 1.6020 and 1.6000.
Consumer Price Index rose 0.6% in September, slightly above expectations of 0.5%, while the ex-food and energy measure climbed 0.1%, a touch below the consensus of 0.2%. YoY both, the headline CPI and the core, rose to 2.0%, in line with the Fed's inflation target.
GBP/USD reached an 8-day high of 1.6130 before easing a tad to currently quote at the 1.6115 zone, still up 0.3% on the day. As for technical levels, next resistances could be found at 1.6140, 1.6160 and 1.6200, while on the other hand supports are seen at 1.6060, 1.6020 and 1.6000.
Consumer Price Index rose 0.6% in September, slightly above expectations of 0.5%, while the ex-food and energy measure climbed 0.1%, a touch below the consensus of 0.2%. YoY both, the headline CPI and the core, rose to 2.0%, in line with the Fed's inflation target.
