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GBPUSD grows thanks to reduced inflationary pressure

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Paun British / Dolar A.S. (OANDA:GBPUSD)  
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OANDA:GBPUSD   Paun British / Dolar A.S.
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GBP/USD remains stuck near the 1.2200 level as traders wait for additional catalysts. Interestingly, rising Treasury yields did not put pressure on GBP/USD.

If GBP/USD settles above 1.2200, it will move towards the next resistance, which is located in the 1.2370 – 1.2410 range.
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