The typical/expected impact on GBP pairs is high.
The consensus forecast for Consumer Price Index (YoY) is 3.3%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The most recent announced value for Consumer Price Index (YoY) was 3.2% against a forecast of 3.5%.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Earnings Excluding Bonus (3Mo/Yr) | Bearish change | 4.6% | 4.5% | ||
| Average Earnings Including Bonus (3Mo/Yr) | Bearish change | 4.8% | 4.7% | ||
| Claimant Count Change | Bearish change | -3.3K | 17.9K | ||
| Claimant Count Rate | Bearish change | 4.3% | 4.4% | ||
| Employment Change (3M) | Bullish change | -17K | 82K | ||
| ILO Unemployment Rate (3M) | (no change) | 5.1% | 5.1% | ||
| Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.3% | ||
| Industrial Production (MoM) | Bearish change | 1.3% | 1.1% | ||
| Manufacturing Production (MoM) | Bullish change | 0.4% | 2.1% | ||
| BRC Like-For-Like Retail Sales (YoY) | Bearish change | 1.2% | 1% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Office for National Statistics |
| Category: | Inflation |
| Frequency: | Monthly |