Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
UK CPI
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
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RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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