GBP/USD is under 1.42
Inflation report is here: UK data: March CPI 0.1% m/m (expected 0.3%)
As you can see the m/m came in well under .... ditto for the y/y and for the 'core'
Sterling was marked down immediately and its extending lower as I update:
The potential May rate hike from the Bank of England is being questioned. it had been widely expected, and it doesn't seem to have slipped too far in market pricing since the number .... but still .... enough doubt to see some GBP longs getting taken to the woodshed.
