Forex High Impact News Trading | GBP | CPI (YoY) (Dec) | 16 Jan 2018
All of my trades later closed on profit. GBPUSD went a little lower to close my outstanding sell trades and reversed nicely to also close my BUY trade that was triggered by the spread increase at the news release.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. (Investing)