FREE RAPID SIGNAL SELL NOW GBP/USD US Consumer price in | Focal Community Group (FXSignals)

FREE RAPID SIGNAL
SELL NOW GBP/USD

US Consumer price index surges 6.2% in October, considerably more than expected. On a monthly level, the figure went up by 0.9%, substantially exceeding analysts' projections (of ~0.5%). Pressure on the Fed to change course are rising strongly now which will support the USD. We trade the USD against the GBP, which is still hit from the Bank of England’s surprise decision to keep rates on hold.

Signal delayed by ~ 10 minutes
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Inflation continues to spiral out of control - the Fed will have to react and ditch its tone that inflation is exclusively a transitory phenomenon