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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 340197, member: 104606"] [B][SIZE=5]GBP/USD: Bulls Show Resilience amid Inflation and GDP News[/SIZE][/B] [img]https://i.imgur.com/9qj8z4q.jpeg[/img] Yesterday important data on inflation in the United States was published. It caused a significant spike in volatility in financial markets, even though the values were in line with expectations. CPI in monthly terms: actual = 0.4%, forecast = 0.4%, a month ago = 0.3%, a year ago = 0.4%. And today news came out about UK GDP in monthly terms, which also corresponded to expectations: fact = +0.2%, forecast = +0.2%, a month ago = -0.1%. It is noteworthy that in both cases the first reaction was a fall in the price of GBP/USD, but then a recovery followed — this is a manifestation of the stability of demand. [img]https://i.imgur.com/g37LNW9.png[/img] [B][URL="https://fxopen.com/blog/en/oa-gbp-usd-bulls-show-resilience-amid-inflation-and-gdp-news/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT THE FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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