SELL 2.17700 | STOP 2.18500 | TAKE 2.16700 | During the European session, the pair's quotes grew smoothly and are currently holding around the 2.17700 mark. We expect a corrective downward movement. Some pressure on the pound's position is exerted by statistics on retail price indices. This indicator also indirectly indicates a further easing of inflation risks, allowing the Bank of England to move to a more aggressive reduction in borrowing costs.