GBP/USD – Cable has a little spring in its step. This, despite warnings yesterday from the Bundesbank. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle

 

GBP/USD SHORT TERM TRADER: Square.
GBP/USD POSITION TAKER: Looking to go long on a successful break higher.

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Chinese price rises slow
Producer, Consumer and Core

March data for China’s price rises were released this morning and came in below February’s and below forecasts. Producer prices rose in the year to end-March at 3.1 per cent from 3.7 per cent the previous one, a 17-month low.

Consumer prices dropped by 1.1 per cent during the month of March taking the annualised rate down to 2.1 per cent from 2.9 per cent in February. Core consumer prices, which strip out volatile items like fresh food and energy, rose by 2 per cent Y/Y versus 2.5 per cent in February.

Donald Trump has cancelled his appearance at the Summit of the Americas in Lima, Peru, this Friday. His Defence Secretary James Mattis has also cancelled a trip to California the same day so that he’s in Washington with the President.

Financial Markets & Political Commentary

 

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