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Forex High Impact News Trading | GBP | CPI (YoY) (Dec) | 16 Jan 2018



 

 

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All of my trades later closed on profit. GBPUSD went a little lower to close my outstanding sell trades and reversed nicely to also close my BUY trade that was triggered by the spread increase at the news release.
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The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. (Investing)

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