Here are the key factors to keep in mind today for British Pound trades:

• UK CPI: Economists expect a slowdown in consumer inflation for June. The CPI is expected to only rise 0.1% monthly and come in flat year-over-year. This can be compared to the 0.2% increase which was reported in May and the annualized increase of 0.1%. The core CPI is expected to increase by 0.9% in June year-over-year which would match the 0.9% increase which was reported in May.
• UK RPI: The RPI is expected to increase by 0.1% in June month-over-month and 1.0% year-over-year. Forex traders can compare this to the 0.2% increase which was reported in May month-over-month and year-over-year increase of 1.0%.
• UK PPI: Economists expect the PPI Input to show a monthly contraction of 0.8% and an annualized contraction of 11.8% for June. This can be compared to the 0.9% contraction which was reported in May monthly and the 12.0% contraction year-over-year. The PPI Output is expected to increase by 0.1% month-over-month in June and the annualized contraction of 1.5%. Forex traders can compare this to the 0.1% increase which was reported in May and the year-over-year contraction of 1.6%. The PPI core Output it expected to come in flat for June monthly and show an increase of 0.1% year-over-year. Should expectations be met it would match the flat reading which was reported in May and the 0.1% annualized increase.

Here are the key factors to keep in mind today for US Dollar trades:

• US Advanced Retail Sales: The US economy may be in for some more bearish economic reports as today’s advanced retail sales for June are expected to only show an increase of 0.3%. Forex traders need to compare this to the 1.2% increase which was reported in May. Retail sales excluding autos are expected to rise by 0.5% in June which would be half of the 1.0% increase reported in May. Retail sales excluding autos and gas are also expected to rise by 0.5% in June which can be compared to the 0.7% increase which was reported in May. Retail sales in the retail sales control group are expected to show an increase of 0.4% in June which compares to the 0.7% increase reported in May.
• US NFIB Small Business Optimism: Economists expect small businesses to show a small uptick in optimism as NFIB Small Business Optimism is called up by 0.2 point to 98.5 in June from the 98.3 which was reported in May.
• US Business Inventories: Business inventories are expected to rise by 0.3% in May which compares to the 0.4% increase reported in April.

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