UK CPI in August came in 2.2% YoY vs 2.2% exp. and 2.2% previously (0.3% MoM vs 0.3% exp. and -0.2% previously)
UK Core CPI came in 3.6% YoY vs 3.6% exp. and 3.3% previously (0.4% MoM vs 0.1% previously)
UK PPI output prices came in lower than expected with 0.2% YoY vs 0.5% exp. and 0.8% previously (-0.3% MoM vs 0% exp. and 0% previously)
UK PPI input prices dropped -1.2% YoY vs -0.8% exp. and 0.4% previously (-0.5% MoM vs -0.3% exp. and -0.1% previously)
Source: xStation
The lower than expected PPI data come one day ahead of the Bank of England meeting. Currently market is pricing 25% chance of rate cut and two cuts in this year. First meeting with implied softening of the monetary policy might come in November. This might partly explain strenght of British currency against US, where more than four cuts are expected by the market.
عاجل: مؤشر مديري المشتريات مختلط من الولايات المتحدة
ضعف ملحوظ عقب صدور مؤشرات مديري المشتريات من فرنسا وألمانيا. هل يواجه البنك المركزي الأوروبي خطر رفع سعر الفائدة؟
التقويم الاقتصادي - هل تشير مؤشرات مديري المشتريات الآسيوية الضعيفة إلى ضعف في أوروبا والولايات المتحدة؟
عاجل: فشل محضر اجتماع الفيدرالي المتشدد في وقف مكاسب السوق
