Here's How to Trade GBP/USD Ahead of Key CPI Data From Both Sides of the Atlantic

Forex Analysis by Fawad Razaqzada covering: GBP/USD, USD/JPY, EUR/GBP, FTSE 100. Read Fawad Razaqzada's latest article on Investing.com

more tests later this week with CPI inflation and retail sales data to come from both sides of the pond.

The market expects at least one more 25 bp cut before the year is out, but I believe this is far too conservative – especially with the Fed now seen cutting rates more aggressively than previously expected. Given my feeling that the market is pricing the BoE easing cycle conservatively, any downward surprises in UK CPI or retail sales data should boost the appeal of theThus, in my opinion, the GBP/USD pair is best to trade on the long side, especially if we see stronger-than-expected UK data this week and/or weakness in US macro pointers. Today’s weaker PPI data from the US is certainly helping the cause.

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