Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
British CPI is in the arena
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.
Similar
Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Important events this week will bring us
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
Latest news
Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
Deposit with your local payment systems
