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US July 7 Redbook index (MoM) improves to 0.8%; 3% (YoY)

GBP/USD has dropped 30 pips

GBP/USD has dropped 30 pips so far o the release on US CPI.
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US: Redbook Index rose 0.8% MoM

According to Redbook Research Inc., the Johnson Redbook index advanced 0.8% on a monthly basis and 4.0% over the last twelve months in the week ended on July 7, against previous prints at -0.3% and 3.6%, respectively....
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