Michael Kramer
Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities ahead of today’s US consumer price index (CPI) data, due out at 1.30pm (UK time). Economists estimate that US consumer prices increased 3% in the year to July, the same annual rate of inflation as in June. Already today, official figures showed that UK inflation rose less than expected to 2.2% in July, potentially paving the way for further interest rate cuts from the Bank of England. The Bank had expected inflation to rise to 2.4%, up from 2% in June.
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This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.