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BoE Consumer Credit
The indicator assesses the change in the value of outstanding bank loans in national currency during the reporting period. Household loans for current expenditures are taken into account, but student loans, loans of uncommercial and unincorporated organizations are excluded.
In this article, we will talk about the economic calendar and determine what is better to rely on when making a decision to open deals: forecasts or previous values of indicators.
Today we will study the reaction of the foreign exchange market to the publication of revised values of economic indicators. And let's see if it's worth relying on them when making a decision to enter the market.
Previous studies trading on rollbacks have shown the usefulness of such a strategy for a number of economic events in the US, Australia and the Eurozone. Now let's see if trading on rollbacks is suitable for UK events.