BREAKING: UK CPI in line with expectations; lower PPI. GBPUSD gains

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.

13 March 2026, 3:12 PM

BREAKING: Mixed JOLTS & University of Michigan data❓

13 March 2026, 1:05 PM

BREAKING: Canada Labor market keeps deteriorating 📉

13 March 2026, 12:41 PM

BREAKING: PCE in lane, GDP growth slows down! 🔥🚨

13 March 2026, 7:06 AM

Economic Calendar: U.S. PCE Reading in the Spotlight!

Economic reports

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