U.K. Inflation Data

• Consumer Price Index (CPI) (y/y) (Feb), fact 1.9%, forecast 1.8%.
• Consumer Price Index (CPI) (m/m) (Feb), fact 0.5%, forecast 0.5%.
• Purchasing producer price index (m/m) (Feb), fact 0.6%, forecast 0.6%.

The consumer price index in the UK improved unexpectedly in February, indicating a slowdown in the decline in this parameter and retreated from two-year lows. General dynamics of  the UK inflation remains downward, despite what remains near the target level.

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

 

The British pound almost did not respond to these statistics, while retaining a restrainingly downward trend on the recovery of the American dollar and the preservation of risks for Brexit. The GBP/USD pair maintains lateral dynamics, limited to movement in the channel from 1.3300-30 to 1.3200-1.3180.

Fig. GBP/USD chart. Current price – 1.3210

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Hanzenko Anton

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