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Low inflation in the UK

Low inflation in the UK | 16 September 2020

16 September 2020, GBP/USD

GBPUSD trading plan:

Consumer prices rose by 0.2% in annual terms in August, the smallest increase since December 2015 and a sharp slowdown from July's 1.0% increase, the Office for National Statistics said. Prices in restaurants and cafes were down 2.6% compared with August last year, their first fall since records began in 1989. Falls in air fares and a smaller-than-usual rise in clothes prices also helped to push annual inflation down. The consumer price index has now been below the BoE's target for 13 months in a row.

Trading recommendation: range 1.2875 -1.2945.

David Johnson
Analyst of «FreshForex» company
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