Trading plan – Monday 17th June 2024: UK CPI and interest rate is the focus

Mark NugentJune 2024, Trading Plan

Trading plan – Monday 17th June 2024: UK CPI and interest rate is the focus

Good afternoon.

This week’s highlight is in two parts. Firstly, we have UK CPI on Wednesday where the headline year-on-year measure is expected to come down to 2.0%, which is the Bank of England’s mandate!! Yay!

Secondly, the have the rate and statement from the Bank of England on Thursday. It is expected that the rate will be held at 5.25%. Markets will pay close attention to all statements made on the day but sadly Governor Bailey will not be holding a press conference. Boo!

Friday is PMI day, with major reports from the US, Germany, eurozone and the UK.

As always, I go through my trading themes for the week in the video.

I will be back tomorrow with a short video of Trade 18, EURUSD long, from which I escaped at breakeven.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE