GBPUSD Rate Risks Near-Term Rebound on Rising UK CPI

Trading the News: U.K. Consumer Price Index (CPI)

交易新闻：英国消费者价格指数（CPI）

Updates to the U.K. Consumer Price Index (CPI) may curb the recent decline in GBP/USD as both the headline and core rate of inflation are projected to pick up in April.

英国消费者物价指数（CPI）的更新可能会抑制近期英镑/美元的跌幅预计4月份的总体通胀率和核心通胀率都会上升。

Signs of sticky price growth may trigger a bullish reaction in the British Pound as it puts pressure on the Bank of England (BoE) to respond to above-target inflation, and Governor Mark Carney & Co. may keep the door open to implement higher interest rates as ‘the Committee continues to judge that, were the economy to develop broadly in line with its Inflation Report projections, an ongoing tightening of monetary policy over the forecast period, at a gradual pace and to a limited extent, would be appropriate to return inflation sustainably to the 2% target at a conventional horizon.’

价格粘性增长迹象可能引发看涨反应英镑对英国央行（BoE）施加压力以应对高于目标的通胀，而州长马克卡尼公司可能会继续敞开大门以实施更高的利率，因为'委员会继续判断，根据通货膨胀报告的预测，经济将大致发展，预测期内持续收紧货币政策，以逐步的速度和有限的程度，可持续地将通货膨胀回归到传统视野中的2％目标。'

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However, another below-forecast reading for both the headline and core CPI may keep GBP/USD under pressure as it encourages the BoE to retain a wait-and-see approach for monetary policy, with the British Pound at risk of facing headwinds ahead of the next meeting on June 20 as indications of limited price growth dampen bets for a BoE rate-hike.

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Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups.

注册并加入DailyFX货币分析师David Song LIVE，有机会讨论潜在的交易设置。

Impact that the U.K. CPI report had on GBP/USD during the previous release

英国CPI报告对英镑/美元的影响在上一个版本中

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March 2019 U.K. Consumer Price Index (CPI)

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GBP/USD 10-Minute Chart

GBP / USD 10-Minutes Chart

The U.K. Consumer Price Index (CPI) was unchanged in March, with the headline reading steady at 1.9% per annum, while the core rate of inflation crossed the wires at 1.8% for the second month. A deeper look at the report showed Transportation costs climbing to 3.3% from 3.1% per annum in February, while prices for clothing/footwear contracted 1.6% during the same period.

3月份英国消费者物价指数（CPI）未变，标题读数稳定在每年1.9％，而核心通胀率连续第二个月超过1.8％。深入研究报告显示，运输成本从2月份的每年3.1％上升至3.3％，同期服装/鞋类价格下跌1.6％。

The below-forecast prints spurred a small pullback in GBP/USD, with the exchange rate consolidating throughout the day to close at 1.3038. Learn more with the DailyFX Advanced Guide for Trading the News.

以下 - 预测印刷刺激英镑/美元小幅回落，汇率全天盘整至收盘于1.3038。使用DailyFX高级交易指南了解更多信息。

GBP/USD Rate Daily Chart

英镑/美元汇率每日图表

• Keep in mind, the broader outlook for GBP/USD is no longer bullish as the exchange rate snaps the upward trend from late last year after failing to close above the Fibonacci overlap around 1.3310 (100% expansion) to 1.3370 (78.6% expansion).

  请记住，英镑兑美元的更广阔前景不再看涨，因为汇率在未能收盘后从去年年底开始上升趋势在Fibonacci上方重叠1.3310（100％扩张）至1.3370（扩张78.6％）。

• In turn, the advance from the 2019-low (1.2373) may continue to unravel as the Relative Strength Index (RSI) highlights a similar dynamic, with the oscillator now tracking the bearish formation carried over from March.

  反过来，从2019年的低位推进（ 1.2373）可能继续解散，因为相对强弱指数（RSI）强调了类似的动态，振荡器现在追踪从3月开始的看跌形态。

• The break/close below the Fibonacci overlap around 1.2760 (38.2% retracement) to 1.2800 (50% expansion) brings the 1.2610 (23.6% retracement) to 1.2640 (38.2% expansion) region on the radar, but will keep a close eye on the RSI as it struggles to push into oversold territory, with failure to hold below 30 raising the risk for a rebound in the exchange rate.

  斐波那契下方的突破/收盘重叠在1.2760附近（38.2％的回撤位）至1.2800（50％的扩张点）带来1.2610（23.6％的回撤位） ）雷达上升至1.2640（38.2％扩张区域），但将密切关注RSI，因为它难以进入超卖区域，未能守住30以下，从而增加汇率反弹的风险。