#EURGBP @ 0.87060 : Tomorrow UK CPI figures pose the best chance of a range break-out – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Economists at ING discuss the next UK data due to be released this week and its implication for the BoE policy and Sterling.
“In the past, the release of services PMI data has been a driver of Sterling given the large representation of the services sector in the UK economy. Another positive reading is expected today in the 55 area. Such an outcome would unlikely dent the market’s current pricing of an 84% probability that the Bank of England hikes by 25 bps on 22 June. Far more important to that debate will be the UK April CPI data released tomorrow.”
“0.8660-0.8735 is the clear EUR/GBP range and it will probably be tomorrow’s CPI figures which pose the best chance of a range break-out.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
