As for GBPAUD, we might be looking for a retest, and then the market will be giving bears at the high momentum as for the news event on April 24, 2024 (consumer prices account for a majority of overall inflation). Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate)
Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling
(Acro Expand: Consumer Price Index (CPI))
The movement will take place inside the trend and go towards the PSTG
Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling
(Acro Expand: Consumer Price Index (CPI))
The movement will take place inside the trend and go towards the PSTG