KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound hit the day’s highs against the dollar on Tuesday after data showing that the annual rate of inflation in the U.K. rose at the fastest rate in almost a year in December. GBP/USD rose to 1.4340 from around 1.4317 ahead of the report.The U.K. consumer price index rose 0.1% in December from a month earlier, matching forecasts, the Office for National Statistics said. The annual rate of inflation rose 0.2%, ahead of forecasts of 0.1% and the highest since January 2015. Transport costs, particularly air fares, and to a lesser extent motor fuels, were the main contributors to the rise, the ONS said. The data comes at the end of a year which saw consumer prices inflation hover close to zero, prompting investors to push back expectations on the timing of a rate hike by the Bank of England.Investors were looking to the speech for any indications on the timing of a possible rate hike.Sterling also touched session highs against the euro, with EUR/GBP falling to 0.7584 from 0.7599 earlier.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4350 TARGET 1.4370 1.4400 SL 1.4320
SELL GBP/USD BELOW 1.4280 TARGET 1.4260 1.4230 SL 1.4310

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