Trading the News: U.K. Gross Domestic Product (GDP) An upward revision in the U.K. 1Q Gross Domestic Product (GDP) report may heighten the appeal of the British Pound and spur a near-term advance in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Signs of a stronger recovery ...
Trading the News: U.K. Consumer Price Index An uptick in the headline & core U.K. Consumer Price Index (CPI) may spur fresh monthly highs in GBP/USD as it raises the Bank of England’s (BoE) scope to remove the record-low interest rate sooner rather than later. What’s Expected: Why Is This Event Important: BoE Governor Mark Carney may sound increasingly hawkish over the coming months as the ...
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