Risk-averse weakened and riskier assets climbed up. Let’s have a closer look.
CPI is the most important inflation data that affects the Central Bank’s monetary policy. The Bank decides whether to raise the interest rate or not by considering inflation figures. As a result, it’s obvious that the market pays great attention to the CPI economic indicator.
The UK CPI data will be out at 11:30 MT time on August 15. In times of uncertainties around the Brexit deal, the GBP needs support from positive economic data.
• If the data is greater than the forecast, the GBP will rise.
• If the data is weaker than the forecast, the GBP will fall.
Check the economic calendar
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.