Inflation is moving in the right direction. Forecast of GBP fall
The trading opportunities widen next week as we see more corporates report earnings, but the event which Warren Venketas, from Daily FX, is watching is UK inflation. As he says, this will go some way to helping the markets assess the potential for another Bank of England rate increase at its 2 November meeting. The trade to watch is a short GBP/USD position, targeting $1.20 support.
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