The Office for National Statistics released UK CPI data that came out lower-than-expected of 2.4% compared with forecasted 2.6%.
The ONS commented: "The largest downward contribution came from food and non-alcoholic beverages where prices fell between August and September 2018 but rose between the same two months a year ago. Other large downward contributions came from transport, recreation and culture, and clothing. Partially offsetting upward contributions came from increases to electricity and gas prices."
Watch The Live Cover: Click Here
| Historical Data Table: CPI y/y | Economic Calendar for 17.10.2018 | ||||||||
| Date | 13.06.2018 | 18.07.2018 | 15.08.2018 | 19.09.2018 | 17.10.2018 | 12:30 PM | CAD Manufacturing Sales m/m | ||
| Actual | 2.40% | 2.40% | 2.50% | 2.70% | 2.40% | 14:30 PM | US Crude Oil Inventories | ||
| Forecast | 2.40% | 2.60% | 2.50% | 2.40% | 2.60% | 18:00 PM | US FOMC Meeting Minutes | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.3149 | 1.31362 | -0.10% | GBP/USD | 48.00% | 52.00% | |||
| EUR/GBP | 0.87936 | 0.88018 | 0.09% | EUR/GBP | 73.71% | 26.29% | |||
| GBP/CAD | 1.70243 | 1.70078 | -0.10% | GBP/CAD | 54.57% | 45.43% | |||
| GBP/JPY | 147.578 | 147.446 | -0.09% | GBP/JPY | 47.65% | 52.35% | |||