The Fundamental FOREX Blog

Tomorrow, Tuesday 05-18-10 at 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 2 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY

I did post a “follow up” of last months report, click here to see what happened.

The CPI and RPI are released by the U.K.s National Statistics on a monthly basis.

Here is what is going on tomorrow:

GBP Consumer Price Index YoY stats:

previous = 3.4%

forecast = 3.5%

Looks like the economists think that the UK’s economy is now improving.

Watch that the “Core CPI” goes in the same way – minor conflict if it does not.

Here is how I am set up for tomorrow:

GBP 4-30AM-ET-05-18-10
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual———-forecast———-previous
________________3.5%________3.4%
Out at 3.7% or higher – BUY GBP/USD
After the spike up??
Out at 3.3% or lower – SELL GBP/USD
After the spike down??

I did post a “follow up” soon after this news report was over, click here to see what happened.

The next scheduled release of these reports is on Tuesday, 06-15-10 at 4:30 AM ET!

I will probably post a “preview” a day or two prior.

Stay tuned!