July 12, 2020
Breaking News
  • Home
  • Forex News
  • Forex High Impact News Trading | GBP | CPI (YoY) (Dec) | 16 Jan 2018

Forex High Impact News Trading | GBP | CPI (YoY) (Dec) | 16 Jan 2018

By on May 24, 2020 0 7 Views
Recommended Links



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)

Leave a comment

Your email address will not be published. Required fields are marked *