Market Focus

On Tuesday, October 17, 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 of. This is a key way to measure changes in UK buying and inflation trends.

According to the forecast, in September the growth of the index will be 0.3%, which is lower than the previous value at the level of 0.6%. On an annualized basis, the indicator will grow to a level of 3.0%, which exceeds the previous value of 2.9%. In case of data release within the forecast, the pound will receive support, based on which the strengthening of the British currency within 50-60 points against competitors is expected.

Alexander Sivtsov