[ad_1]
But that will not change anything, it's Brexit for the pound sterling
ForexLive
Just be aware that the Labor Market Report was released 12 minutes earlier yesterday (one of our readers noted that it was already 24 minutes away) on most sources. So be aware that something similar could happen with this publication here.
But anyway, it's not going to make much difference to the pound. Inflation can print + 3.0% a / a and this would not matter. Everything is about Brexit now, the economic data is secondary for the moment.
Inflationary pressures are expected to continue, with headline inflation at + 1.8% y / y, while core inflation is expected at + 1.9% y / y, the two figures being similar to those of January.
Regardless of the number of missed / beaten hits, the pound is weighed down today due to Brexit uncertainties and will continue in the near term until the situation becomes clearer. The cable is supported around 1.3216, but light bids and additional support are then visible at 1.3185-00.
The 200-hour MA is also at 1.3191, so expect it to be also a key area of interest if the price goes down. With regard to the reactions to the publication of the CPI data, I would expect that the action on prices remains moderate in any case.
Source link
