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Tomorrow we have UK CPI due out at 4:30am eastern expected at 0%. My focus will be the CPI (MoM) and I will be looking for .2% deviation to trade this. If the release comes out higher than expected by .2% or more I will go long on the GBP/USD, if the release comes out .2% lower or more than I will go short on the GBP/USD. I would expect to see about 30 pips on this trade.
Next we have TIC coming out of the US at 9:00am eastern which is expected at 65b. I will only trade this if it deviates from the expected number by 10b or more. A higher than expected number signals a sell on the GBP/USD and a lower than expected number signals a buy on the GBP/USD. Again I will be looking for around 30 pips. Best of Luck!!!
