JamesThatcher
Well-known member
What does the data mean to the market?
The UK's most important inflation data, it's the leading central bank's inflation target. Recently the BOE has sighted this data as particularly important, so I think we should see a reaction from it.
Historic deviations and their outcome
February 17 2021 Feb 2021, +0.2 on both lines gave a small pop up, but nothing too exciting
Check out the price action here:
GB Core CPI (YoY) 2021-02-17 07:00:00.0
GB Core CPI (YoY) 2021-02-17 07:00:00.0
calendarapi.galaxysoftwareinc.com
January 20 2021 Jan 2021, after the Brexit deal, a +0.1 deviation did manage to get a slight market reaction.
Check out the price action here:
GB Core CPI (YoY) 2021-01-20 07:00:00.0
GB Core CPI (YoY) 2021-01-20 07:00:00.0
calendarapi.galaxysoftwareinc.com
I will use forecasts of:
CPI (Y/Y) 6.00
Today's trade plan
If we get a deviation from both lines of 0.3 on either
Core CPI Y/Y (Year on Year) or
CPI Y/Y line.
With no conflicts on any other line.
Tradable pairs
GBPUSD
Hope this helps but please do your own analysis!!
Good luck!!
James Thatcher
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