The GBP/USD gained about 45 pips during and after the CPI was announced today at 9:30am GMT.
However, the GBP/USD took a downturn with about 50 pips after the Producer Price Index (PPI) was published and it had a positive impact over the USD.
Now at 7:20pm GMT the currency pair GBP/USD is in the range 1.6250 - 1.6266 with possible bearish movement in the next a few hours.
