During European trading, the British Pound decreased against the US Dollar, trading below 1.2910 levels.
The GBP/USD currency lost ground in the European trading session, as the pound sterling was retreating in value following softer inflation data from the UK. In the UK CPI Inflation data for February was released with data lower than expected (2.8% realised vs 3.0% expected) and the Spring Forecast Statement was released. In the US, Durable Goods Orders for February (-0.6% exp) will be released (12:30 GMT).
