The GBPUSD pair has experienced a swift swoon lower this morning in falling over 100 pips  following an unexpected drop in the UK CPI release. With the market giving an 80% chance of a Bank of England rate next month before today’s data there’s plenty of scope for disappointment. Will today’s decline mark a turning point for GBPUSD after reaching a 22-month high yesterday, or is it simply a pullback that represents a good buying opportunity?

Watch our video below on GBPUSD, GBPJPY and EURGBP: