Brexit: on the Queen's table
To be considered an official law, the Brexit paper just needs a signature of the Queen now. How does that affect the GBP?
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.
Similar
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Latest news
Brexit: on the Queen's table
To be considered an official law, the Brexit paper just needs a signature of the Queen now. How does that affect the GBP?
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.
Deposit with your local payment systems
