The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
Trade the British pound on economic indicators
The levels of British GDP and manufacturing production will be released on January 11 at 11:30 MT time.
Last time the British economy grew by 0.1%, as it was expected by analysts. As for the level of manufacturing production, December's release showed a decline of 0.9%. This was a lower level than the analysts predicted. If this time the actual levels of indicators outperform the forecasts, the British pound will be supported.
• If the actual data of GDP and manufacturing production are higher, the GBP will rise;
• If the actual data of GDP and manufacturing production are lower, the GBP will fall.
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!