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The Pound will again be one of our key focus points this week. This past week saw a whole string of negative data points for GDP, CPI and Retails Sales.
These events were more important than usual given the recent dovish comments made by numerous BoE members
After their dovish talk of possible easing and following the negative data this week, the market is currently pricing in a 72% chance of a rate cut by die BOE at their policy meeting at the end of Jan.
There are a couple of interesting data points this week that can create some great trading opportunities namely; the UK jobs report and January PMI numbers.
This week ahead video will help you prepare for this week’s upcoming events and provide insights into how you could possibly trade them as well.
Highlights of the video:
01:10 – Baseline context for the GBP
04:33 – Baseline expectations for the upcoming risk event
06:15 – Possible sentiment shifts
09:50 – Possible currency pairs to consider