The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Trade the British pound on the inflation data
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
This indicator accounts for a majority of overall inflation. The data is very important, as the bank of England uses it to measure the inflation level. Last month the index remained at the same level of 2.3%, as it was forecast by analysts. Higher-than-expected data will bring a positive momentum to the British currency.
• If CPI is higher than expected, the GBP will rise;
• IF CPI is lower, than expected, the GBP will fall.
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
The British yearly CPI will be released at 11:30 MT on January 15
You are still in doubt whether it makes sense to trade stocks? Watch this.
The recent Chinese figures bring optimism
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.