London (PRWEB UK) 19 March 2013
Today the UK announced its CPI reading. This may affect the inflation rate and in turn the likelihood of further stimulus.
Why is it important for FX trading?
The UK has held back on stimulus as inflationary pressure has always been a cause for concern. A fall in inflation could open the door for more stimulus, although inflationary pressures could also weaken sterling. Something of great interest to all FX traders.
What is the Consumer Price Index (CPI)?
CPI is a measure of the change over time in the prices consumers pay for a selected basket of goods and services. The government adjusts interest rates based on CPI.
The ‘market basket’ includes 600 items that representative of typical household spending, such as housing, clothes and food, based on prices measured from 120,000 different retail outlets.
- Additions this time include: eBooks, hot chocolate, packaged vegetable stir-fry, daily disposable contact lenses
- Removals this time include: Champagne, round lettuces, gas service charges, basin taps
How can vantage FX UK help forex traders prepare for CPI announcement?
Vantage FX UK offers traders: web and mobile trading tools, leading forex trading technology, first class customer support, forex training (including regular chart analysis and Market Wrap videos) and further earning opportunities.
Both new and experienced foreign exchange traders can open a free practice account today. This includes:
- Risk free Meta Trader 4 Account
- Free Meta Trader 4 user guide
- Real-Time Pricing
- Non-dealing desk execution
- Leading low spreads
Take advantage of all Vantage FX UK has to offer and be prepared for whatever happens on the 19th March at 09:30 GMT, when the Consumer Price Index reading is announced.
Visit http://www.vantagefx.co.uk for further details.
About Vantage FX UK
Vantage FX UK is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
What sets forex brokers Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.
Contact: Robert Berkeley, Vantage FX, email@example.com, 02073324954