GBP

yes I think i go short at 15523 as I think USD tumbles and gold rises because of just rumors

djellal
good call on cable long

UK consumer-prices rose 3.1% in August from a year earlier and 0.5% from the month prior. This is the sixth month that inflation remains stubbornly above the governments upper band limit of 3%. Augusts reading was perhaps the most unexpected in the series as air fares flew higher, increasing a whopping 16.1% from July, a record gain for this time of year according to the Office of National Statistics. The statistics office also reported that higher bread, cereal and vegetable costs at the start of the autumn season stoked inflation too from the month prior.


CPI has remained above the 3% level since March as a weaker pound and higher commodity prices add to price pressures in the economy and make imports more expensive. Every month that consumer-prices rise by more than the upper target limit Bank of England Governor King has to write an open letter explaining how he plans to bring inflation under control. The persistence of inflation to remain above the 3% limit may drive a deeper wedge between MPC members, where Andrew Sentence has argued for interest rate hikes to tackle inflation but others have suggested that more stimulus is necessary. Minutes from the September rate decision are due on Sept. 22.



Another Month, Another Letter For Governor King

@INGbalek Cable can toss lower if data expected next 4hrs from now is negative
if so 1.5290 can be seen by early morning tomorrow
Else again a Range with lower top at 1.5450 max i feel

Pricetrader Looks like The week starts with Cable repeating what its done last one month 15350 to 1.5470 range for the day today as Dollar has tumbled on China Data and Bassell news