GBP/USD snaps a three-day winning streak, consolidates gains near the 11-week top above 1.41. UK warns over NI post-Brexit trade deal, French-British tension ease in Jersey waters. UK Q1 GDP is expected to contract, US CPI may keep reflation fears on the table.
Dogecoin price corrected over 40% from the May 8 high, but outstanding support at the April high keeps bullish aspirations focused on $1.00. Daily RSI shows a bearish momentum divergence. IntoTheBlock IOMAP metric shows considerable support just above the April high.
American consumer prices are set to rise by the most in a decade as the base effect from last year’s pandemic collapse reaches its height. The Consumer Price Index (CPI) is expected to climb 0.2% in April, according to the consensus forecast from the Reuters survey of economists.