The U.K. CPI report lands just after the jobs release, and hotter than expected data could be enough to revive a hawkish BOE bias.
Our Event Guide for the U.K. CPI notes that business PMI surveys have reported rising input costs in April, potentially leading to a slight upside surprise.
Here’s what I’m watching on GBP/CHF and EUR/GBP in this scenario.
Risk Disclosure :
Trading in financial instruments and cryptocurrencies carries significant risks, including the potential loss of some or all of your investment. Such activities may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by various external factors, including financial, regulatory, and political events. Additionally, trading on margin heightens financial risks.
Before you decide to trade in financial instruments or cryptocurrencies, it is essential to fully understand the associated risks and costs. Consider your investment objectives, experience level, and risk tolerance, and seek professional advice if necessary.
Please note that the data on this website may not always be real-time or accurate. The information and prices provided may not originate from any specific market or exchange; instead, they may come from market makers. As such, prices are indicative and may differ from actual market prices, making them unsuitable for trading purposes. Fusion Media and any data providers associated with this website disclaim any liability for losses or damages arising from your trading activities or reliance on the information provided here.
Unauthorized use, storage, reproduction, display, modification, transmission, or distribution of the data on this website is prohibited without explicit prior written consent from Fusion Media or the data provider. All intellectual property rights are retained by the data providers and/or the exchanges that supply the data featured on this website.
Fusion Media may receive compensation from advertisers appearing on the site based on your interactions with those advertisements.
