GBPUSD orders 16 May - UK inflation data awaited

Currently 1.2928 also near session highs

1.2950 still the next real layers of offers/resistance as we continue to range. Larger interest behind that at 1.3000

Early EURGBP buying helping to cap but demand building at 1.2900

UK inflation data at 08.30 GMT. I'm hoping to find time to post some thoughts on that prior.

Offers: 1.2935 1.2950 1.2965 1.2980-85 1.3000 (strong) 1.3020 1.3050

Bids: 1.2900 1.2875-80 1.2850 1.2830 1.2800 1.2785 1.2750

Best in 2026

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