BREAKING: UK CPI higher than expected. GBPUSD gains 0,4%

UK CPI YoY (April) 3.5% (Forecast 3.3%, Previous 2.6%)

CPI MoM 1.2% vs 1% exp. and 0.3% previously

UK Core CPI YoY 3.8% vs 3.6% exp. and 3.4% previously

Core CPI MoM 1.4% vs 0.5% previously

UK RPI MoM 1.7% vs 1.4% exp. and 0.3% previously

GBPUSD gained in first reaction to higher UK CPI data, pressuring Bank of England to not cut rates, however as for now the pair slightly loses, erasing early gains. Markets price the risk of stagflation and recession across the UK economy, because the high inflation numbers may stop the BoE from 'helping' the economy by monetary policy changes.

24 July 2026, 9:30 AM

BREAKING: Eurozone recovery? Positive PMI data tempered by high oil and gas prices

23 July 2026, 7:51 AM

Economic Calendar: Big Tech, Tensions Over Iran, and the ECB’s Decision ⏰

22 July 2026, 7:15 PM

Daily Summary: Wall Street Stabilizes Despite Higher Oil Prices

22 July 2026, 8:33 AM

Economic Calendar: Time for Tesla and Google Earnings (22.07.2026)

Economic reports

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