The British Pound traded sideways against the US dollar on Friday, after reaching a daily high of 1.3413, but solid US data released this week capped sterling’s advance. GBPUSD trades at 1.3380 and continues to distance from the 200-day SMA key technical level at 1.3405. US economic data revealed that inflation on the consumer side stabilised, but not so on the producer front. Annually, the Consumer Price Index (CPI) hit 2.7% in December, unchanged from November’s print, but the Producer Price Index (PPI) in November increased by 3%, up from 2.8% in the previous month. In addition, the labour market The post Strong US data boosts dollar, caps sterling advance appeared first on Financial Mirror .