Pound Sterling Price News and Forecast: GBP/USD looks to extend rebound after UK inflation data

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Pound Sterling Price News and Forecast: GBP/USD looks to extend rebound after UK inflation data
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Cable accelerated higher on Wednesday morning after UK inflation data showed that price pressures continue to ease, but core inflation remains elevate

Cable accelerated higher on Wednesday morning after UK inflation data showed that price pressures continue to ease,

Fresh strength generates fresh signals of possible reversal after the bear-leg from 1.3141 was contained by rising daily Ichimoku cloud. Recent spikes also form a double-bottom pattern, which needs to be verified on further gains and breach of pivotal barrier at 1.2817 .GBP/USD turned north and climbed to a fresh six-day high above 1.2760 in the European morning on Wednesday.

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