US: Redbook Index rose 0.5% MoM

FXstreet.com (Barcelona) - The Redbook index rose 0.5% on a monthly basis and 2.4% YoY in the week ended on May 12, vs. previous prints at 0.7% and 2.8%, respectively.

May 21, 2013

US May 12 Redbook index (MoM) declines to 0.5%; 2.4% (YoY)

GBP/JPY breach of daily channel support line

The pound took a hit across the board earlier on with the release of lackluster readings in UK CPI coming in below consensus at 2.4% vrs expectation of 2.6%. This has compromised the ascending channel in the quote of April to the downside.