GBP/USD under 1.5900 as soft CPI baffles “tapering”

The GBP/USD was hovering above 1.5900 area, but as soon as the monthly CPI released at weaker level the pair failed to sustain the 1.5900 level.
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US July Total Net TIC Flows improves to $56.7B vs $-19.7B (June)

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