Another trading week started and some important news event lined up mainly from US & UK.
On Tuesday we have UK CPI and last time we have seen improvement from 0.3% to 0.5%. Analysts expect this month's CPI to show further improvement, as such GBP is expected to inch higher if CPI come as expected.
Right after above news event, we have US CPI scheduled and recent retails sales data as well as consumer confidence beat analysts expectations. As such CPI is expected to show improvement too.
On Wednesday, we have FOMC Meeting Minutes which could provide detail insight into Fed's future interest rate decision. In my opinion this data is of utmost importance and could be deciding factor for future price direction.
On Tuesday we have UK CPI and last time we have seen improvement from 0.3% to 0.5%. Analysts expect this month's CPI to show further improvement, as such GBP is expected to inch higher if CPI come as expected.
Right after above news event, we have US CPI scheduled and recent retails sales data as well as consumer confidence beat analysts expectations. As such CPI is expected to show improvement too.
On Wednesday, we have FOMC Meeting Minutes which could provide detail insight into Fed's future interest rate decision. In my opinion this data is of utmost importance and could be deciding factor for future price direction.
