Home / Economic Calendar / CPI (YoY) (U.K.)

Economic Calendar
BOE Governor Mark Carney
BOE Chairman Carney

CPI (YoY) (U.K.)

Surprising Turnaround for Inflation in the UK in August

Starts Wednesday, October 17, 2018 at 05:09
Updated Monday, October 15, 2018
Inflation shot higher in UK in spring last year and it peaked at 3.1% YoY in  December last year. Although, it has cooled off since then and it has formed a bearish trend, but at 2.4% it remains above the BOE 2% target. In July, inflation was expected to jump by 0.2% to 2.6% but it remained unchanged. In August though, we saw a surprising jump in CPI inflation to 2.7% against 2.4% expected. Please follow us for live coverage of this event and the impact it might have on the currency by live market analysts. 

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
RELATED PAIRS
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.
Comments

Leave a Reply

avatar
  Subscribe  
Notify of
OLD EVENTS
<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>
EVENT ENDED

<% item.item_title %>

Posted by <% item.author.display_name %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>
SPONSOR BROKER