GBP/USD Trade Planning for GBP CPI Data Long

BRITISH POUND / U.S. DOLLARICE

Descrizione

⋅ 11 apr 2017 05:39

Previous 2.3% Expected 2.2%

Anticipation that a good CPI data could push the GBP higher,
bouncing off the near support level of 1.2400.

Trade chiuso: obiettivo raggiunto

⋅ 12 apr 2017 01:28

CPI data released at 2.3%
Higher than expectation of 2.2%

This indicates than the UK economy is on course towards the BoE inflation target of 2-3%.

Hence the stronger GBP.

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