UK inflation data for September

• Consumer Price Index (CPI) (m/m) (September), fact 0.1%, forecast 0.2%.
• Consumer Price Index (CPI) (y/y) (September), fact 2.4%, forecast 2.6%.
• Purchasing producer price index (m/m) (September), fact 1.3%, forecast 0.9%.

An inflation report in the UK for September turned out to be quite ambiguous. Of particular concern was the slowdown in the CPI on an annualized basis, which, after attempts at growth, returned to the year’s low, thereby indicating the limitations of this indicator.

Fig. 1. UK Consumer price index (CPI) chart  (y/y) 

As a result, the British pound accelerated the decline, remaining in uncertainty while waiting for information about the Brexit negotiations. Significant resistance for the pair GBP/USD are the marks: 1.3150-30 and 1.3100.

Fig. 2.  GBP/USD chart. The current price is 1.3150.

Read also: “Dictionary of the trader for trading on the Forex market”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Prospects for recovery of emerging markets.
2. Trump presidency results (1/2).
3. Trump presidency results (1/1).

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!