Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). It’s a significant indicator that reveals the change in the price of goods and services purchased by consumers during the previous month.
The Bank of England will decide whether to raise the interest rate or not based on the inflation figures. These changes in the interest rate, in turn, impact the value of the British pound.
If you want to know more, read the article “How to trade on central bank decisions”.
Last time, the UK inflation figures were worse than expected. As a result, GBP/USD dropped by 225 points in one hour after the release.
Compare the actual UK Inflation Rate with the forecast, which appears a few days before the report in the economic calendar.
Instruments to trade: GBP/USD, GBP/JPY, EUR/GBP
