The big three inflation data points are out in the UK on Wednesday 17 April and will likely provide some volatility for sterling. The big question is whether it’s worth setting up a trade around the pound against the dollar or euro. Having seen the ECB nail its colours to the mast with its rate decision, there may be more stability for GBP/EUR leading up to the event, but GBP/USD is often a more exciting trade prospect. However, on Tuesday there’s US retail sales which may give a steer to that trade and take out some key levels. IGTV’s Jeremy Naylor considers the options.
#inflation #uk #gbpusd
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