The highlight of the agenda in the session ahead will be the UK CPI report. Here's what you need to know going into the data release later at 0600 GMT. In that lieu, let's take a look at the levels that are in play for GBP/USD and the potential reaction.The pair is now trading just above the 1.2700 mark with price action still lingering in and around the April high of 1.2709. Buyers are in control, so they already have the momentum on their side in that regard.As such, if inflation proves to be stickier than anticipated, sterling bulls will be waiting to pounce on that opportunity. A push towards offers and some resistance around 1.2800 will be the next step. Then, buyers will be setting the
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