• GBP/USD traded sideways on Tuesday Investors are awaiting U.S. inflation data as well as second-quarter UK GDP data on Thursday ​to gauge the monetary ​policy outlook on ⁠both sides of the Atlantic• U.S. ​Headline CPI is expected to rise 0.1% month-on-month in July, reversing June’s 0.4% decline, while the annual rate is forecast to ease to 3.4% from 3.5%. Core CPI is projected to increase 0.2% month-on-month. •The UK is set to release second-quarter GDP and June economic growth figures on Thursday. • Immediate resistance is located at 1.3532(38.2%fib), any close above will push the pair towards 1.3574(Higher BB)• Strong support is seen at 1.3428(SMA20) and break below could take the pair towards 1.3412(38.2%fib). Recommendation: Good to buy around 1.3480, with stop loss of 1.3430 and target price of 1.3560