Dollar paces through with Strong CPI Data against Rival Currencies

Daily Updates - 14th February 2019

Yesterday’s markets

• GBP UK CPI
• US CPI data

Yesterday’s explained

United Kingdom’s Consumer Price Index indicated that UK Economy is recoiling negatively this year to start with and this will lead to inflationary levels targeted by Bank of England unmet.

Followed by Dollar was supported further with Consumer Price Index for United States indicating that US Economy is driving in the right path of Inflationary target levels for FOMC Rate Hikes.

Today’s markets

• EUR GDP
• USD Retail Sales

Today’s explained

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health.

Followed by US Retail sales which is a key indicator Changes in Retail Sales are widely followed as an indicator of consumer spending.