Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Video | Market Technical | Solid ECN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="SOLIDECN, post: 209806, member: 80239"] [JUSTIFY][img]https://i.ibb.co/rkMZX2L/6.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]GBPUSD - UK inflation hits 40-year high[/JUSTIFY][/HEADING] [JUSTIFY]The British pound is trading with multidirectional dynamics against the US currency, consolidating near the level of 1.2260. The day before, GBP/USD also closed with a minimal deviation from the opening levels of the daily session. Investors are evaluating macroeconomic data from the Office for National Statistics, released yesterday, which reflected an increase in consumer price growth in May: the figure reached 9.1%, which is a record since 1982. The negative dynamics is due to the rapid increase in tariffs for electricity and raw materials in general, which have set a high since 1985, adding 22.1% to the cost against the background of the escalation of the military conflict in Ukraine. At the same time, the monthly inflation rate slowed down from 2.5% to 0.7%, and the Core CPI for the same period decreased from 6.2% to 5.9%, which turned out to be even slightly better than market forecasts of a reduction to 6.0%. In turn, the Retail Price Index in May showed an increase of 11.7%, accelerating from 11.1%, while the forecasts suggested an increase of only up to 11.4%; on a monthly basis, the indicator slowed down from 3.4% to 0.7%, while the market expected a decline to 0.5%. At the same time, according to officials of the Bank of England, consumer price growth may reach 11% by October, exacerbating the crisis in the cost of living for British families. An increase in the interest rate for the fifth time in a row to 1.25% has not yet had the desired effect on the economy, only increasing the risks of a recession. In turn, inflation, taking into account the costs of homeowners for housing maintenance, increased to 7.9% from 7.8% a month earlier. [url=https://ibb.co/C0cSpLQ][img]https://i.ibb.co/GP6rfmR/gbpusd.png[/img][/url] Today, investors are waiting for the publication of statistics on business activity from S&P Global for June. Forecasts suggest that Manufacturing PMI will show a decrease from 54.6 to 53.7 points. [B]Resistance levels[/B]: 1.2328, 1.2400, 1.2457, 1.25 | [B]Support levels[/B]: 1.2250, 1.2163, 1.2074, 1.2[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…