
GBP/USD: Bulls Eye 3-Year Highs on Strong Technicals, Soft US Consumer Sentiment
GBP/USD Key Points This morning’s UofM Consumer Sentiment survey fell to 50.8, the second-lowest on record, driven in large part by a rise in 1-year (to 7.3%) and 5-year (4.6%) inflation expectations. Current backward-looking inflation measures are …