Read more
6:02 AM · 16 October 2024

BREAKING: UK CPI and PPI lower than expected. GBPUSD lower after the data

GBP/USD
Forex
-
-

UK CPI in September came in 1.7% YoY vs 1.9% exp. and 2.2% previously (0.0% MoM vs 0.1% exp. and 0.3% previously)

UK Core CPI came in 3.2% YoY vs 3.4% exp. and 3.3% previously (0.1% MoM vs 0.4% previously)

UK PPI output prices came in lower than expected with -0.7% YoY vs -0.6% exp. and 0.2% previously (-0.5% MoM vs -0.3% exp. and -0.3% previously)

UK PPI input prices dropped -2.3% YoY vs -2.2% exp. and -1.2% previously (-1.0% MoM vs -0.6% exp. and -0.5% previously)

 

Inflation in UK has dropped sharply to 1.7% in September and is below the Bank of England's 2% target rate first time since April 2021. Economists were expecting 1.9% inflation print.

 

 

GBPUSD reacted swiftly to the news and is currently approaching support at 38.2% FIbonacci retracement level. Succesful breakdwon can lead to increased bearish momentum

 
 

 

3 November 2025, 9:31 AM

BREAKING: UK manufacturing PMI slightly above estimates 🇬🇧 📈

3 November 2025, 9:04 AM

BREAKING: PMI data from European countries came in line with expectations 🔎

3 November 2025, 8:02 AM

Economic calendar: PMI, ISM, and ADP ahead this week 📄

3 November 2025, 7:38 AM

BREAKING: Swiss inflation slows again 📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits