Market Focus

On Tuesday, January 16, 2017, attention should be focused on the UK consumer price index. The consumer price index (CPI) measures the change in the prices of goods and services, from the consumer’s point of view. This is a key way to measure changes in UK buying and inflation trends.

According to the forecast, in December the growth rate will be 0.6%, which is higher than the previous value at 0.3%. On an annual basis, the indicator will grow to the level of 3.2%, which exceeds the previous value of 3.1%. In case of data release within the forecast, the pound may be in some uncertainty, as the Bank of England is still taking a cautious stance regarding the interest rate increase against the background of the remaining risks around Brexit.

Alexander Sivtsov