Filed Under:  News Trading

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.

Global Economic Calendar

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