CPI m/m Fundamental’s UK. .



While the International Monetary Fund has warned that Britain quitting the European Union would be a risk to global financial stability, one of the asset classes most vulnerable to the shock isn’t hearing the alarms, according to Allianz Global Investor’s sterling fund manager.Peripheral euro-area government bonds are under pricing the risks of a Brexit, said Mike Riddell, the London-based money manager.IMF Managing Director Christine Lagarde said May 13 that if Britain votes to leave the EU on June 23 it is an international rather than just a domestic issue. A Brexit could lead to a “protracted period of heightened uncertainty,” triggering financial-market volatility and hurting output. 

– Meanwhile the Consumer price index data it’s going to be released tomorrow with a forecast of 0.5%. 




This is considered the UK’s most important inflation data because it’s used as the central bank’s inflation target.Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.


British Sterling vs US Dollar 

The pair slide a bit down between 76.40% fib. and 61.80%, currently  located at 1.43560,

Traded above the 52-week moving average.  



J.Mason ♦