According to the current trend on the H1 timeframe price is currently bearish and will continue to be so for the most part of this week owing to the fundamental news events that are scheduled to take place such as USD Core CPI (MoM) (Oct) and U.K. Consumer Price Index (CPI) YoY.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher-than-expected reading should be taken as positive/bullish for the GBP, while a lower-than-expected reading should be taken as negative/bearish for the GBP.
Source: www.investing.com/
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher-than-expected reading should be taken as positive/bullish for the GBP, while a lower-than-expected reading should be taken as negative/bearish for the GBP.
Source: www.investing.com/