GBPJPY: The uptrend is still there!
The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases.
On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.