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