I am looking at gbp/chf pair and see bullish price action in it. 1.4500 level has to be broken with confidence so that bullish trend would be confirmed. We have very important data coming this week from Great Britain that might influence price action in Pound pairs. Looking at eur/gbp pair you might see the same thing that you can see in gbp/chf pair too.
Consumer Price index from Great Britain on Tuesday at 8:30 GMT will probably move the above mentioned pairs one way or another. I hope British Pound will strengthen. On Wednesday we will have another risk event that can impact Pound pairs and that will be Bank of England minutes. It is to be released at 8:30 GMT too.
I will write on other very important news events tomorrow.
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