Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Trading GBP on the news
Information is not investment advice
The British yearly CPI will be released at 11:30 MT on January 15
Since July 2019, the UK inflation has been consistently falling from the high of 2.1% to the low of 1.5% in October and November. This tendency puts additional pressure on the GBP which already suffers from the domestic economic weakness and the upcoming divorce with the European Union. In addition, the fears of the no-deal Brexit are getting stronger as the possibility that the UK and the EU will manage to negotiate all important things on time slowly turns into an impossibility. In this context, another indication of the slowdown in the British economy may drive the pound further down.
- If the CPI outperforms the forecasts, the GBP will be supported;
- If the CPI comes lower than the forecasts, the GBP will decline.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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