Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected impact on GBP pairs is high.
The consensus forecast for Core Consumer Price Index (YoY) is 3.5%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Core Consumer Price Index (YoY) was 3.5% against a forecast of 3.6%.
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Core Consumer Price Index (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (MoM) | Bullish change | -0.3% | -0.1% | ||
Industrial Production (MoM) | Bearish change | -0.6% | -0.9% | ||
Manufacturing Production (MoM) | Bearish change | -0.7% | -1% | ||
Gross Domestic Product (QoQ) | (no change) | 0.7% | 0.7% | ||
Gross Domestic Product (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 |