GBP/USD slips below 1.4500 on UK data

The British pound keeps its buoyant tone today, with GBP/USDnow hovering over the 1.4490/85 band so far.

GBP/USD retreats from highs on CPI

The pair has abandoned the area of session highs beyond 1.4500 the figure after UK’s consumer prices have come in below expectations during April, advancing at an annualized 0.3% and 0.1% on a monthly basis, vs. 0.5% and 0.3% expected, respectively.

Next of relevance for the pair will be US inflation figures gauged by the CPI, followed by Industrial and Manufacturing Production and speeches by Lockhart, Williams and Kaplan.

GBP/USD levels to consider

As of writing the pair is advancing 0.54% at 1.4480 facing the immediate hurdle at 1.4531 (high May 12) followed by 1.4670 (high Feb.4) and then 1.4770 (high May 3). On the other hand, a breakdown of 1.4334 (55-day sma) would aim for 1.4088 (low Apr.14) and finally 1.4004 (low Apr.6).