What has provoked the panic in the crypto community today? Find out here!
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target. The higher the annual consumer inflation gets, the closer an interest hike is. As a result, if CPI growth is greater than the forecast, the GBP will have chances to go up.
The UK will release Consumer Price Index at 11:30 MT time.
UPDATE. CPI came out lower than expected. GBP/USD fell below 1.34.
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