Trading GBP on the news

Trading GBP on the news

The British yearly CPI will be released at 11:30 MT on January 15

Since July 2019, the UK inflation has been consistently falling from the high of 2.1% to the low of 1.5% in October and November. This tendency puts additional pressure on the GBP which already suffers from the domestic economic weakness and the upcoming divorce with the European Union. In addition, the fears of the no-deal Brexit are getting stronger as the possibility that the UK and the EU will manage to negotiate all important things on time slowly turns into an impossibility. In this context, another indication of the slowdown in the British economy may drive the pound further down.

  • If the CPI outperforms the forecasts, the GBP will be supported;
  • If the CPI comes lower than the forecasts, the GBP will decline.

Check the economic calendar

uk cpi.png

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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.

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