Trading Forex and CFDs is risky
Read HotForex Daily Market Analysis

Pound Upwards Persistence – Video Analysis

Market Analysis

Pound Upwards Persistence –  Sterling has continued to rally strongly in the wake of yesterday’s perky UK inflation data. Cable surged to fresh one-year highs above 1.3320 while EURGBP has fallen further into six-week low territory under 0.9000. Markets are now anticipating that the minutes from this week’s BoE MPC meeting (due Thursday alongside the policy announcement) will show some raised concern about inflation, although the consensus remains for the BoE to leave prevailing policy settings unchanged.

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst

HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.