GBP/USD: UK CPI

Source: Dukascopy Bank SA

Watch More: Dukascopy TV

The British Pound weakened against the Greenback, following the UK CPI data release on Wednesday. The GBP/USD currency pair lost 39 pips, or 0.29%, to continue fluctuating in the 1.3361 area.

The Office for National Statistics simultaneously released six data sets, where Consumer Price Index data came out lower-than-expected of 2.4%, compared to 2.5% in the previous period. Retail Price Index and Producer Price Index Output came out in line with economists expectations. 

However, Core Consumer Price Index, House Price Index and Producer Price Index Input came out lower-than-expected, which intensified the British Pound to weaken even more.

Historical Data Table: UK CPI  Economic Calendar for 23.05.2018
           
Date 16.01.2018  13.02.2018  20.03.2018  18.04.2018  23.05.2018  2:30 PM US Crude Oil Inventories
Actual 3.00% 3.00% 2.70% 2.50% 2.40% 6:00 PM US FOMC Meeting Minutes
Forecast 3.00% 2.90% 2.80% 2.70% 2.50% 10:45 PM NZD Trade Balance
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
GBP/USD 1.33819 1.33467 -0.26% GBP/USD 63.02% 36.98%
EUR/GBP 0.87559 0.87795 0.27% EUR/GBP 35.75% 64.25%
GBP/CAD 1.72353 1.71898 -0.26% GBP/CAD 61.80% 38.20%
GBP/JPY 147.074 146.658 -0.28% GBP/JPY 43.70% 56.30%

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.