Today’s Given Signal : https://t.me/calendarsignal/9634
This blog analyses the impact of United Kingdom CPI on GBPUSD exchange rate. We will explore the relationship between CPI data and exchange rate movements, and its implications for traders and investors.
Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is a key indicator of inflation and purchasing power.
Impact of CPI on Exchange Rate
Positive or negative surprises in the UK CPI data can lead to significant movements in the GBPUSD exchange rate. Traders closely monitor CPI releases for potential trading opportunities.
The GBPUSD exchange rate represents the value of a single British pound in US dollars. It is influenced by a multitude of factors, including economic data, geopolitical events, and market sentiment.
Previous released data results :
On last CPI data (18-10-2023) we predict to SELL GBPUSD data was not good .
Check last given signal : https://t.me/calendarsignal/9298
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