CPI (YoY) (U.K.) - Economic Calendar - FX LeadersFX Leaders

CPI (YoY) (U.K.)

BOE Governor Mark Carney
Event Date: Wednesday, July 14, 2021
Event Time: 06:00 CET

Inflation Jumping Higher in the UK Too

Updated Thursday, July 8, 2021
EVENT ENDED
Inflation used to be strong several year ago in the UK, but cooled off due to the coronavirus restrictions, falling to 0.2% in September last year, It remained volatile until March, but in April headline CPI increased to 1.5% YoY, while core CPI to 1.3%. They were expected to increase further to 1.8% and 1.5% respectively in May, but jumped higher to 2.0% and 2.1%. Please follow us for live coverage of this event by market analysts. 

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About CPI (YoY) (U.K.)
U.K. CPI (MoM) is a primary measurement of inflationary pressures facing the GBP. It is derived and presented by the National Statistics Bureau, a governmental entity. U.K. CPI (MoM) is a comparison of retail prices facing a typical basket of goods and services, compared on a month-over-month basis.  Monetary policy decisions, trade balance, and consumer confidence are sensitive to CPI. Currency markets involving the GBP are receptive to a growing CPI, as it is a signal of inflation. As inflationary pressures grow or reside, the Bank of England (BOE) crafts monetary policy accordingly. High CPI values are often viewed as a precursor for tightening monetary policy toward the GBP, while low readings are conducive to a dovish tone.U.K. CPI is capable of swaying GBP valuations dramatically. Strong values lead to bullish participation for the GBP and lagging CPI facilitates bearish price action.
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