U.K. inflation data

• Consumer Price Index (CPI) (m/m) (July), fact 0.0%, forecast -0.1%.
• Consumer Price Index (CPI) (y/y) (July), fact 2.1%, forecast 1.9%.
• Producer Price Index for Manufacturers (m/m) (July), fact 0.9%, forecast 0.6%.

U.K. consumer inflation rose unexpectedly in July, reducing the risk of a slowdown in this indicator to its lowest levels this year. The downward inflation dynamics in the UK also slowed, indicating the possibility of growth.

Fig. 1. U.K. consumer price index (CPI) (y) chart

The British pound has modestly strengthened on the positive inflation data in the UK, while remaining limited by the risks of a tough Brexit. GBP/USD pair updated the high at the level of 1.2070, remaining limited by lateral dynamics and risks.

Fig. 2. The GBP/USD chart. Current price – 1.2070

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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