The British pound has been rocking and rolling on not-so-high ground. What’s next? Here is the view from the team at CIBC: Here is their view, courtesy of eFXnews: An unexpected uptick in UK CPI, with core inflation reaching a one-and-a-half year high, provided temporary relief for sterling this past week. However, both the upturn in inflation and the respite for sterling could prove temporary. The uptick in inflation was driven largely by higher air fares than a year earlier-which is influenced by the timing of Easter as the inflation figures in Europe are not seasonally adjusted. With inflation possibly easing again in April and “Brexit” still very much in the headlines, look for sterling to remain a laggard until after the referendum. CIBC targets GBP/USD at 1.41 by end of Q2. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Mind the oil gaps – Live Market Open from 7:00 GMT Yohay Elam 6 years The British pound has been rocking and rolling on not-so-high ground. What's next? Here is the view from the team at CIBC: Here is their view, courtesy of eFXnews: An unexpected uptick in UK CPI, with core inflation reaching a one-and-a-half year high, provided temporary relief for sterling this past week. However, both the upturn in inflation and the respite for sterling could prove temporary. The uptick in inflation was driven largely by higher air fares than a year earlier-which is influenced by the timing of Easter as the inflation figures in Europe are not seasonally adjusted. With inflation possibly… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
