GBPUSD Biased Short - UK CPI Due
GBP has been in a downtrend for a few weeks now, and is engaging with downwards
momentum once again this morning. However, with CPI due in just ove 2 hours,
we would suggest waiting for the data to hit and playing the reaction.
The market is expecting a neutral/positive number but our analysis would suggest
strong potential for a negative number. Updates to follow.
momentum once again this morning. However, with CPI due in just ove 2 hours,
we would suggest waiting for the data to hit and playing the reaction.
The market is expecting a neutral/positive number but our analysis would suggest
strong potential for a negative number. Updates to follow.
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