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  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/Bnih4YvTdg
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  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/09/26/Crude-Oil-May-Rise-as-Covid-Case-Growth-Slows-WTI-Eyes-OPEC-Outlook-Evergrande.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/76e2aGf3p0
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  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/25/SP-500-and-Dollar-Have-Different-Views-for-Last-Week-of-September.html https://t.co/4OBVmrvI7I
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  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
UK Market Look Ahead: FTSE, GBPUSD, EURGBP | Webinar

UK Market Look Ahead: FTSE, GBPUSD, EURGBP | Webinar

Nick Cawley, Strategist

The Brand New DailyFX Third Quarter Forecasts are now live including a fresh look at GBP.

The Back End of the Week Will Provide Sterling Clarity

BoE governor Mark Carney may reveal the central bank’s latest thoughts on the UK economy when he speaks at a regional visit to the North East on Thursday with his speech published at 10:45 UK. And the next day, UK PM Theresa May will convene her cabinet at Chequers in an attempt to put divisions aside and agree on a Brexit White Paper, a meeting that is expected to be vocal and fractious.

Across the pond, US markets will observe Independence Day on Wednesday, with a subsequent drop in trading volume and volatility, ahead of the latest non-farm payrolls on Friday.

Sterling continues to be weighed down by a strong US dollar and hovers above an important support level that needs to hold if the British Pound is to push ahead in the weeks to come. Against the euro, Sterling continues to hold its own and the pair will need a new, strong, stimulus to break the current trading range. One pair that we have followed closely in the last few weeks, GBPNZD, continues to move higher but may be running out of steam after rallying by over 5 big figures in the last month.

GBPNZD Daily Price Chart (December 2017 – July 2, 2018)

UK Market Look Ahead: FTSE, GBPUSD, EURGBP | Webinar

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--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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