bearish triangle
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2. U.K. CPI for March. The U.K. Office for National Statistics will release data on consumer price inflation for March at 08:30GMT (4:30AM ET) on Tuesday. Analysts expect consumer prices to rise 2.3%, unchanged from a month earlier.Other analysts are expecting a rise of 2,2%,which is 0,1% lower than February’s data.The CPI for February was 2,3% which was a 3 year high and gave the sterling a 100 pip boost against all the major currencies.We in Ruzey investment believe that the level of the CPI will stay the same and there will not be a serious impact on the gbp traded pairs.I recommend following closely our technical analysis.
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5. U.K. Employment for March At 08:30GMT (4:30AM ET) Wednesday, the ONS will publish the monthly jobs report. The claimant count change is expected to fall by 3,000 in March, with the jobless rate holding steady at 4.7%.Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.If the expectations meet the real data,we recommend opening long positions but,don’t be greedy ,there won’t be serious movements.However if the unemployment rate is rising ,open short positions and you can expect movement,because people will start talking about Brexit consequences.