GBP CPI YoY - 19-04-17

Date Wednesday 17th April 2019
Time 08:30

Early European session we see GBP CPI YoY. We usually see a strong move when this event deviates more than +/-0.1.

We also add the MoM event to Conflict Manager. We expect a spike of 40 pips if a trade is triggered.

What happened last time?

GBP CPI YoY – 19-03-20
Time 09:30
Forecast 1.8
Actual 1.9
Deviation +0.1
One minute spike 14 pips

Last month saw a conflict between CPI components, leading to the unpredictable market reaction. No trade would have been triggered.

Setting up procedure

Main Event GBP CPI YoY
Market GBP/USD
Deviation +/-0.2
Prior 1.9
Forecast 2.0
Triggers Buy >2.1
Sell <1.9
Conflict 1 GBP CPI MoM
Prior 0.5
Forecast 0.3
Triggers Buy >0.3
Sell <0.3

Good luck! Let us know how you get on in comments section.

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