UK CPI came in worse than expected but unchanged from last month on Tuesday, while US economic data including retail sales and import prices came in green. The combination pushed the GBP/USD pair further down.
Today we have UK’s Average Earnings Index and Unemployment Rate out at 8:30 AM GMT and a worst than expected result could push the GBP/USD pair further down towards the 1.39 support level. Later Canada will release their Manufacturing Sale data at 12:30 PM, same time the US PPI Data will be released to shake the USD/CAD pair. More volatility is expected on Wednesday with US FOMC Statement at 6 PM New Zealand’s GDP at 10:45 PM and BOC Gov Poloz Speaks at 11:55 PM GMT.
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