Who’s ready to trade the U.K.’s inflation reports?
Our Event Guide for the U.K. CPI suggests that the April numbers could come in line or slightly hotter than markets are expecting, which could revive hawkish Bank of England (BOE) speculations.
But if the report disappoints, or if the overall reaction turns bearish for the British pound, GBP/USD and GBP/AUD have a couple of chart setups worth watching.
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