{"id":54977,"date":"2021-11-17T02:14:21","date_gmt":"2021-11-16T22:14:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54977"},"modified":"2021-11-17T02:36:55","modified_gmt":"2021-11-16T22:36:55","slug":"awaited-uk-cpi-data-carry-three-scenarios-for-gbp-usd","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/awaited-uk-cpi-data-carry-three-scenarios-for-gbp-usd\/11\/17\/market-updates\/","title":{"rendered":"UK CPI Data Carries Three Scenarios for GBP\/USD"},"content":{"rendered":"\n<p>The British pound has a very busy week as traders digest employment data, Tuesday, inflation on Wednesday and retail sales on Friday.<br><br>Economists expect 3.9% UK inflation for October, strengthening rate hike by BoE\u2019s December meeting to suggest three scenarios:<br><br>1. Within expectations: A reading between 3.6% to 4.4% meets estimates. In this scenario, GBP\/USD could suffer as traders take profits on gains already made. The move may be limited, as it would still represent a substantial increase in inflation.<br><br>2. Above expectations: Soaring inflation could be considered 4.5% for Wednesday\u2019s release means that the BOE&#8217;s forecast of 5% will materialize. The BOE could follow December&#8217;s potential hike with another one sooner, and the GBP\/USD could extend its gain recovering recent losses. <br><br>3. Below expectations: Inflation rises but up to 3.5% YoY, it would be a shy increase that could make rate hike in December not an option for BoE. Consequently, the GBP\/USD would fall in a scenario like that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound has a very busy week as traders digest employment data, Tuesday, inflation on Wednesday and retail sales on Friday.Economists expect 3.9% UK inflation for October, strengthening rate hike by BoE\u2019s December meeting to suggest three scenarios:1. Within expectations: A reading between 3.6% to 4.4% meets estimates. In this scenario, GBP\/USD could suffer &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,6978,7034,6987,7664],"class_list":["post-54977","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-cpi","tag-gbp-usd","tag-inflation","tag-interest-rate-hike"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=54977"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54977\/revisions"}],"predecessor-version":[{"id":54985,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54977\/revisions\/54985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51338"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}