GBP/USD: 1.8975/80 Bids Propping, Stops Below 1.8975

Buy interest within a 1.8975/80 window is currently propping cable, as it consolidates half-cent+ losses spurred by October's softer-than-expected UK CPI. 1.8975 was last Thursday's post-US trade data low. Some stops are tipped below 1.8975. These could depress GBP/USD towards 1.8950 (Nov 6 base) if tripped. Further stops are touted sub-1.8950. 1.8998 (yesterday's floor) is a rebound resistance level. 1.9009 (today's Asian session low) is an upper obstacle.