7:02 AM · 16 October 2024

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

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 June 2026, 6:55 PM

Daily Summary: Markets take a breather (03.06.2026)

3 June 2026, 3:33 PM

BREAKING: ISM Non-Manufacturing PMI above expectations

3 June 2026, 1:21 PM

BREAKING: ADP above expectations! 📈

3 June 2026, 7:23 AM

Economic calendar: PMI reports and the US labor market in the spotlight 🔎

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