Market Brief 12 September: CPI From the United Kingdom
There two strong market catalysts on Tuesday, both could spur volatility in the markets concerned.
GBP, 09:30 a.m. GMT +1, CPI (YoY) (Aug) – the index measure inflation from the perspective of consumers, in particular, the change in the price of goods and services. The results due are for the month of August. Analyst projections are for an increase at 2.8% for August versus 2.6% for the same period during the previous year. If the actual result is better than expected, this should be read as a bullish sign for the cable and further boost the value of it. And, if the reading is strikingly lower, this could be seen as a bearish sign.
USD, 15:00 p.m. GMT + 1, JOLTs Job Openings (Jul) – those are job positions which are open but not yet filled in the last business day of the month. Projections for the end of July are lower at 5.960M versus the previous period at 6.163M. If the reading is stronger than the forecast, this should support the US dollar and if the result is weaker, this could undermine it even further.
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