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Thread: todays gpb news

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    Default todays gpb news

    gbp today 4 news

    2 high impact and 2 medium impact

    4:30am GBP CPI y/y 2.6% 2.8%
    4:30am GBP Core CPI y/y 1.8% 1.8%
    4:30am GBP RPI y/y 4.3% 4.5%
    4:30am GBP Trade Balance -7.0B -7.0B


    and its after 25 minutes from now

    what do you think guys about the news is it good or bad

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    aftert the news that happend

    gbp was in 1.9740 went down to 1.9700

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    Actual

    4:30am GBP CPI y/y 2.5%
    4:30am GBP Core CPI y/y 1.9%
    4:30am GBP RPI y/y 4.3%
    4:30am GBP Trade Balance -6.3B

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    and we have tomorrow


    4:30am GBP Average Earnings Index +Bonus q/y 4.4% 4.5%
    4:30am GBP Claimant Count Change -8.4K -15.7K
    4:30am GBP Unemployment Rate 5.5% 5.5%

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    Default

    isint there any news

    for this week pal

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    GBP-USD
    2.0066. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0093 or 2.0115 if support around 2.0051 hold. After which a pullback to 2.0051 - 2.0039 zone is possible.

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    at present. gbp/usd is not the best pair to trade. long or short is not very suit.so we d better to wait for retrace and buy.

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    For this week we have Interest Rate Statement for GBP (Thu. 2 Aug )

    Forecast for rate is 5.75%

    The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.

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    Quote Originally Posted by Mohsen View Post
    For this week we have Interest Rate Statement for GBP (Thu. 2 Aug )

    Forecast for rate is 5.75%

    The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.
    I think it will make the gbpusd mad and will go up or down 80 points

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    Important news that we have For today 1 aug.2007 we have ISM Manufacturing Index of USA
    Forecast for this month is 55.7

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    ok
    the actual amount of Interest Rate Statement of UK for this month 5.75%
    all forcast was 5.75 too and we didnt have any move at market

    also wating for NFP

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