GBPUSD

Before the CPI data to be released in the US, the survey results from the New York Fed and the increase in inflation expectations are drawing attention. In particular, the rise of the 3-year median inflation expectation from 2.6% to 3% may create pressure on the markets. The US PPI data showed an increase above expectations due to the effects of food and electricity prices, which could influence the Fed's monetary policy decisions. Additionally, Trump's stance on new tariffs to be implemented and statements from Fed officials may cause volatility in the markets.

In technical analysis, the GBP/USD pair is trading below the 1.2270 – 1.2315 resistance zone, and as long as it remains below these levels, the pressure is expected to continue. If it stays below the 1.2185 level, the likelihood of the pair pulling back to the 1.2060 levels may increase. On the daily chart, the RSI indicator is showing a neutral outlook at the 44 level. Support levels are observed at 1.2185, 1.214, and 1.21, while resistance levels for upward movements could be at 1.223, 1.227, and 1.2315. The pair is exhibiting a sideways trend compared to the previous day.