UK Quarterly Inflation Report | August 8, 2012 | Forex Analysis

Event Details At-A-Glance:
1% by 20120% by 2012N/A

BOE will be releasing its Quarterly Inflation Report today, it is BOE’s own projection for inflation (CPI and Core CPI) and economic growth for the next 2 years. The Governor, Melvyn King, will hold a press conference to discuss the report after the release.


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5:30am (NY Time) UK Quarterly Inflation Report Forecast: N/A Previous N/A
Deviation: BUY GBP if hawkish / SELL GBP if dovish

The Trade Plan
We’ll be looking at the report but due to the current economic condition in UK, I’d recommend to sit on the sideline UNLESS we get a strong tone from BOE with this report. Due to the nature of this release, you’ll need a newswire or audio service in order to trade it. If we see a strong market reaction after the release, the momentum could carry over to the NY session as inflation reports are considered high impact… If you do not have an audio service, I’d wait 3 ~ 5 minutes before trading as the market tries to digest the news… If we see strong whipsaw in the market, I’d probably just stay out.

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I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: GBPUSD.




Outlook Score
Outlook score is derived from market sentiment, focus, and economic indicators for the currency. It represents the long-term trend of the currency and its market perception. In short, a strong Outlook Score means more long-term demand for the currency, and a weak Outlook Score is the opposite.

The Bank’s quarterly Inflation Report was first published in 1993. The Report sets out the detailed economic analysis and inflation projections on which the Bank’s Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation. The Report starts with an overview of economic developments; this is followed by five sections:

  • analysis of money and asset prices
  • analysis of demand
  • analysis of output and supply
  • analysis of costs and prices
  • assessment of the medium-term inflation prospects and risks

Here’s the official website for the quarterly inflation report.


Currency Pair Stats
2H-50+ = % of 50+ pips move in 2hrs. | 2H-50 = % of 50+ pips move in 2hrs. for the last 2 years | Range = average range in 2 hrs. | Direction = % match following news direction | PN30 / PN60 / PN90 = average pips move before news release in 30, 60, or 90 mins. period | Spike = initial average spike
About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.


  1. SSEKIRANDA says:

    i wish there was another payment option for your services henry because paypal limits our payment options like it does not allow some of us to send more than 100 USD,of which visa card payment does not limit us.

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