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Important CPI data for the GBP
Yesterday we had some pretty interesting movement on the GBP, first, the employment data was not that bad at all, then we had some news from the UK finance ministery which really moved the GBP... but today we get the UK CPI data and that's important for inflation!
In fact, the UK CPI is considered the most important inflation data indicator in the UK because it's used as the central bank's inflation target... so any positive movement here can really push the GBP up and any negative prints can move the GBP lower!
This UK CPI data comes out at 09:30 GMT today (Feb 19, 2020).
I've prepared a little video where I go over quite a few GBP trading pairs, such as GBPUSD, GBPCAD, and GBPAUD to name a few!
If you like the video and it helps you either with your decision making or builds up some knowledge for you make sure you subscribe to my blog & youtube channel!
Thanks in advance and enjoy the video!