ReviewBrokers – News Trading 02:00 AM November 18, 2020 ( NY Time ) UK CPI
18th November 2020 · 0 Comments
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
UK CPI – 02:00 AM NY time (Wednesday, November 19)
Traded pair Previous Forecast Deviation
GBP/USD 0.5 (%) 0.5 (%) ±0.3 (%)
Buy GBP/USD if actual figure is or is below 0.8 (%)
Sell GBP/USD if actual figure is or is above 0.2 (%)
Expected move during first 30 minutes after the release is 20 pips or more.
Tags: News Trading, UK CPI
By fxvnpro
