GBPUSD. Publication of UK CPI report (August 16th 11:30 GMT + 3)

As it was expected representatives of Bank of England decided to cut the interest rate from 0.50% to 0.25% at the last meeting of BoE . Mostly such decision was taken in order to avoid deflationary risks in the country. Unfortunately, yet again it had a negative impact on the value of British Pound as it keeps to hit the minimum levels one after another.

If CPI data is lower than the forecast it will have a negative impact on GBP as well:

Unemployment rate will be published together with CPI report, but at the moment labor market numbers are on a very decent level.

Apart from these reports Retail Sales data will be published this week as well. It has a massive impact on CPI:

GBPUSD chart: