Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
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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Important events this week will bring us
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
Trading GBP on the news
The British yearly CPI will be released at 11:30 MT on January 15
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