Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Consumer Price Index (YoY) was 3.8% against a forecast of 3.7%.
Recent economic data has been strongly bullish for GBP. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
BRC Like-For-Like Retail Sales (YoY) | Bullish change | 1.8% | 2.9% | ||
Retail Sales (MoM) | Bullish change | 0.3% | 0.6% | ||
Retail Sales (YoY) | Bullish change | 0.9% | 1.1% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 0.6% | 0.5% | ||
Retail Sales ex-Fuel (YoY) | (no change) | 1.3% | 1.3% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Inflation |
Frequency: | Monthly |