Forecast: Data and Rate Forecasts Set GBPUSD as a Top Mover This Week
• Last week, GBPUSD was one of the top movers this past week and is likely to be again this week
• UK and US inflation figures will shape rate expectations and likely trigger market activity
• Later in the week, the Jackson Hole Symposium will leverage the monetary policy influence
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. The same source of volatility for the Pound and GBPUSD last week threatens/promises to keep activity buoyant moving forward. Ahead, we have UK inflation statistics that will offer traders a black-and-white view on their speculative forecasts for the timing and magnitude of their return to hikes (a theme that rallied the pound for 12 months). And, the event risk isn't isolated to the pound. The US will face its own CPI data, and the Fed-run Jackson Hole Symposium will offer a global view on monetary policy.
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