
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
Consumer Price Index (CPI) is the UK’s most important inflation indicator because it’s used as the central bank’s inflation target. The pound is depreciating because of Brexit deal’s uncertainties. Although the UK hasn’t left the European Union yet, the British economy is already under great pressure. As the economy weakens, the pound goes down. To recover, the pound needs improvement in economic indicators.
Annual inflation in the UK declined to 2.4% in April 2018 from 2.5% in March, and below market expectations of 2.5%. It is the lowest rate since March 2017. Although the Bank of England’s inflation target is at 2%, a decline of CPI makes traders think that the central bank won’t raise interest rates this year. This is negative for the pound.
The UK CPI figures will be released at 11:30 MT time on June 13.
• If the data is greater than the forecast, the British pound will appreciate.
• If the data is weaker than the forecast, the British pound will go down.
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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