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UK consumer prices rose 0.7% in February compared with consensus forecasts of a 0.5% gain.The year on year rate rose to 2.3% from 1.8% previously which was above market expectations of an increase to 2.1% and the highest reading since September 2013.The underlying annual rate also increased to 2.0% from 1.6% previously and compared with expectations of a smaller advance to 1.8%.
Stabilization in oil prices has contributed to a stall and perhaps a reversal of deflationary forces that we've been witnessing in recent years. A material decline in the pound ahead of and after the Brexit vote also plays a big part in rising inflation. BOE is on high alert as only time will tell if and by how much the inflation will overshoot their medium term target of 2.0%. CPI (YoY), the most widely followed U.K. inflation indicator, rose to 2.3% in February. The indicator bottomed at -0.1% in autumn 2015. I think this has somewhat further to run.
The Uk inflation rate increased by 2,3 % in feb , above the previous month(1,8%)and the market expectations( 2,1) . This is the high figure from the last 3-1/2 year with fuel and food prices that boosted the index . With the Pound that continue to remain very low is hard expect some cooling down in inflation in the short term , i'm bullish on the pair .
The Office for National Statistics will report a bunch of economic data regarding UK’s economy, such as PPIs and CPIs. Year-over-year CPI was gathered at 2.3% in February, while the monthly rate of British CPI expansion reached 0.7%. Year-over-year and month-over-month forecasts are set at 2.3% and 0.3%, respectively. Year-over-year core CPI is expected to tick lower to 1.9% from a 2.0% previous record. A higher than expected Markit services PMI for March (55.0 vs 53.5) is balancing the odds to the upside, given that services accounts for almost 80% of the economy.
В феврале 2017 ежемесячный рост британского индекса потребительских цен достиг 0,7%, индекс же потребительских цен в годовом исчислении составил 2,3%. Доля в годовом исчислении превысила рыночные ожидания на 0,2%. Прогнозы по сравнению с аналогичным периодом 2016 г. установлены на уровне 0,3% и 2,3% соответственно. Годовая ставка с 1,6% реально выросла до 2,0% против прогнозируемых 1,8%. В конечном итоге ожидаю снижения курса GBR.
El evento financiero tendrá un impacto que hará que la libra esterlina se aprecie con fuerza transcurridos unos minutos después de la comunicación, entonces la consecuencia más inmediata será que el valor del par suba bruscamente. Consecuentemente mi voto para este evento financiero es bullish para este par en estudio.
This is considered the UK's most important inflation data because it's used as the central bank's inflation target;The average price of various goods and services are sampled and then compared to the sampling done a year earlier;Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.